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South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
The New South Wales Land and Property Information (NSW LPI), a division of the Department of Finance, Services and Innovation in the government of New South Wales, was the division responsible for land titles, property information, valuation, surveying, and mapping and spatial information in the Australian state of New South Wales.
The Valuer General is responsible for standards and policy in relation to the land valuation system and determining compensation for the acquisition of properties and monitors the quality of the value of land and services to the community by Property NSW. [1] The Office of the Valuer General provides day-to-day support to the Valuer General.
The agency helps to develop policy, implement legislation, collect revenue, process and enforce outstanding fines and penalties. It administers state taxation laws, including the Land Tax Act 1956, Payroll Tax Act 2007 and the Stamp Duties Act 1920. In 2016–2017, Revenue NSW collected more than A$ 29.4 billion in revenue. [3]
NSW Land Registry Services (NSW LRS) is the business name of Australian Registry Investments (ARI), the operator of land titling and registry services in the Australian state of New South Wales. [1] It is responsible for the state's land titles and property information and operates a registry under a 35-year concession with the Government of ...
In 2015, the organisation was tasked by the NSW Government to supply the equivalent of 20,000 new homesites over the following four years in response to Sydney’s growing population. [19] In 2018, the NSW Government reassigned UrbanGrowth NSW's portfolio, [20] with the retail land development portfolio remaining with Landcom. Henceforth ...
Subsequently, the Court was given jurisdiction to hear objections to and appeals against valuations of land, the levying of rates or charges and the assessment of rateable property under various Acts, and claims made for compensation by reason of the acquisition of land under the Public Works Act 1912 (NSW) where such claim exceeded £100. The ...
In Victoria, the land tax threshold is $50,000 on the total value of all Victorian property owned by a person on 31 December of each year and taxed at a progressive rate. The principal residence, primary production land and land used by a charity are exempt from land tax. [78] In Tasmania the threshold is $25,000 and the audit date is 1 July.