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Ratepayers association joins forces with the Liberals on that tripling thing

By johnboy - 6 October 2012 32

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.

What’s Your opinion?


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32 Responses to
Ratepayers association joins forces with the Liberals on that tripling thing
djk 1:10 am 07 Oct 12

Matt_Watts said :

My understanding is that there is nothing in the legislation to prevent the shift of the finances collected from stamp duty to be collected via rates at any speed the government wants. Happy to be corrected (this is just what I’ve been told).

Can’t the government increase taxes at any rate they see fit anyway, through whichever means suits them?

pepmeup 7:17 pm 06 Oct 12

And if you auv is less than $450k you know what’s coming, ask a few of your mates who worked a little harder in school what happening to their rates.

pepmeup 7:10 pm 06 Oct 12

People, check your latest rates notice that is where you will find the truth, if your auv is over $450k your getting stiffed

dpm 6:45 pm 06 Oct 12

There’s a ratepayers assn? Shouldn’t almost everyone be in that?! I’m not. Sounds like a load of BS, but happy to be corrected! Hahahaha!

milkman 6:29 pm 06 Oct 12

basketcase said :

What gets me is I have already paid my stamp duty, now they want me to pay it again. Mob of crooks.

Which is why we shouldn’t vote for them.

You are right, many of us will end up paying multiple times. It would be fairer to exclude current property owners who have already paid their stamp duty.

basketcase 6:09 pm 06 Oct 12

What gets me is I have already paid my stamp duty, now they want me to pay it again. Mob of crooks.

Primal 4:44 pm 06 Oct 12

I suppose it would be asking too much of CityNews to do anything more than just regurgitate press releases and call it journalism? That is just about the most uninformative graph I have ever seen…

Deref 4:23 pm 06 Oct 12

Duffbowl said :

Matt_Watts said :

JC said :

It is interesting to note that the table in the link below that shows how rates will tripple doesn’t actually show the scale for the years. How convenient that has been left off. Now assuming each line represents 1 year that means the tripling will happen over a 20 year period. It also shows a doubling in 10 years.

Now thinking back when I brought my house 12 years ago my annual rates were about half what they are now, so to me the table just shows the “normal” state of affairs, but yep it does look bad as a headline.

http://citynews.com.au/2012/labor-blow-ratepayer-body-confirms-rates-will-triple/

The timeframes aren’t legislated. Cheers.

Matt, does this mean that a Liberal government will legislate how rates are fixed, what maximum increases are, and over what time period those increases will be implemented?

If not, how does a Liberal government intend to manage those processes, and how will it differ from the existing processes, considering the increase in rates appears to already be on or near the line forecast?

Is this simply a dog whistling exercise to scare voters?

Bingo.

In the absence of information about how the Libs will control rates and what they’ll be under them, that last thing you said.

Matt_Watts 4:16 pm 06 Oct 12

JC said :

Matt_Watts said :

The timeframes aren’t legislated. Cheers.

If it isn’t legislated then clearly that makes a mockery of the whole scare campaign.

In response to post #5 and post #6, all I have to say is Andrew Barr told the Legislative Assembly that we should look at the Quinlan Tax Review said; that review said 10 years. I didn’t force him to make that statement to the LA.

My understanding is that there is nothing in the legislation to prevent the shift of the finances collected from stamp duty to be collected via rates at any speed the government wants. Happy to be corrected (this is just what I’ve been told).

I don’t want to be negative, but if the timeframe is over 20 years there has either been a change of heart or the Treasurer potentially misled the LA.

The Average Unimproved Value moves with the market. Rates also have a fixed charge. But we will not be attempting to shift the missing stamp duty revenue over to the rates IN ADDITION to that market increase. There’s not much to say other than “we won’t do that”. I see that as a positive!

JC 3:31 pm 06 Oct 12

Matt_Watts said :

The timeframes aren’t legislated. Cheers.

If it isn’t legislated then clearly that makes a mockery of the whole scare campaign.

Duffbowl 3:26 pm 06 Oct 12

Matt_Watts said :

JC said :

It is interesting to note that the table in the link below that shows how rates will tripple doesn’t actually show the scale for the years. How convenient that has been left off. Now assuming each line represents 1 year that means the tripling will happen over a 20 year period. It also shows a doubling in 10 years.

Now thinking back when I brought my house 12 years ago my annual rates were about half what they are now, so to me the table just shows the “normal” state of affairs, but yep it does look bad as a headline.

http://citynews.com.au/2012/labor-blow-ratepayer-body-confirms-rates-will-triple/

The timeframes aren’t legislated. Cheers.

Matt, does this mean that a Liberal government will legislate how rates are fixed, what maximum increases are, and over what time period those increases will be implemented?

If not, how does a Liberal government intend to manage those processes, and how will it differ from the existing processes, considering the increase in rates appears to already be on or near the line forecast?

Is this simply a dog whistling exercise to scare voters?

Matt_Watts 3:02 pm 06 Oct 12

JC said :

It is interesting to note that the table in the link below that shows how rates will tripple doesn’t actually show the scale for the years. How convenient that has been left off. Now assuming each line represents 1 year that means the tripling will happen over a 20 year period. It also shows a doubling in 10 years.

Now thinking back when I brought my house 12 years ago my annual rates were about half what they are now, so to me the table just shows the “normal” state of affairs, but yep it does look bad as a headline.

http://citynews.com.au/2012/labor-blow-ratepayer-body-confirms-rates-will-triple/

The timeframes aren’t legislated. Cheers.

JC 2:45 pm 06 Oct 12

It is interesting to note that the table in the link below that shows how rates will tripple doesn’t actually show the scale for the years. How convenient that has been left off. Now assuming each line represents 1 year that means the tripling will happen over a 20 year period. It also shows a doubling in 10 years.

Now thinking back when I brought my house 12 years ago my annual rates were about half what they are now, so to me the table just shows the “normal” state of affairs, but yep it does look bad as a headline.

http://citynews.com.au/2012/labor-blow-ratepayer-body-confirms-rates-will-triple/

Rabbitohs_fan 2:36 pm 06 Oct 12

Are all the members of the rate payers association Libs or just most of them?

Micky_P 2:35 pm 06 Oct 12

Real handy. I wonder which of Zed’s staffer mates lined this one up.

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