RATING
AND TAXING
The
rating and taxing of land values
is the most common method of raising revenue by local authorities
throughout Australia. Water and sewerage authorities have tended to
favour rental values as in their opinion the method takes into
account the size of the property and therefore expected water
consumption.
Unimproved
values
have largely been replaced by land
values
as the unimproved value has led to a number of anomalies in the
rating and taxing of rural land such as was the case for treeless
plains. Most councils raise revenue with a rate or tax
on
either unimproved,
land
values or annual rental values. Some
still use an expensive improved value system.
See:
unearned
increment
property
taxation