Opportunity Party proposes 1.75 percent annual land tax
The Opportunity Party is proposing an annual land tax of 1.75 percent on urban land and 0.5 percent on rural land as part of a broader tax system overhaul.
The Opportunity Party has unveiled a tax reset policy that includes a new annual land tax. The proposal would charge 1.75 percent annually on urban land, with the rate dropping to 0.5 percent for rural land. The party argues this would reshape the tax system, though experts note it would affect housing equity.
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RNZ
'Obviously it will erode some equity': What Opportunity's tax plan would mean for housing
The party is proposing a 1.75 percent annual land tax, which drops to 0.5 percent on rural land.
RNZ
What the Opportunity Party's land tax would mean for house prices
The party is proposing a 1.75 percent annual land tax, which drops to 0.5 percent on rural land.
interest.co.nz
Brian Fallow takes a close look at the Opportunity Party's tax reset plan
The Opportunity Party's proposing a radical shake-up to the tax system through its tax reset policy. Brian Fallow takes a look under the hood