So at 9.32 this morning the Ratepayers Association of the ACT issued a media release supporting the Liberals on the vexed issue of rate rises in the place of stamp duty:
Budget papers do not lie, at least the 2011-12 ones don’t. The figures show that rates would have to triple in order to abolish stamp duties.
Labor has refused to provide actual projections for individual ratepayers of what they can expect to pay, in today’s dollar terms, in the coming years for their property rates bills despite having a whole departments modelling of how it will happen. It’s very simple arithmetic take current average UCVs and multiple by the rating factor required to abolish stamp duties and you have the answer on a property by property basis.
If Labor wants to be believed all it has to do is publish what every individual property owner is entitled to know, before the upcoming election. Residents (ratepayers, tenants, boarders and people in share accommodation) all are entitled to know what their costs are going to be.
By 10:25 Zed’s team had replied:
Today’s statement from the ACT Ratepayers and Property Owners Association is proof that rates will triple under a Labor/Greens Government, ACT Opposition Leader Zed Seselja said today.
“The simple mathematics of this tax reform doesn?t lie,” Mr Seselja said.
“ACT Labor is phasing out stamp duty by replacing it with rates. This will triple rates by making households pay stamp duty every few years, forever.
“The numbers are blatantly obvious but Andrew Barr – who considers the family home a “tax haven? – isn?t being honest with Canberrans about his plans.
“I welcome today?s statement from the ACT Ratepayers and Properly Owners Association which gives Canberrans the truth about this tax grab. This is an independent organisation that exists only to protect the interests of ratepayers.
Handy that.
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