Jon Stanhope and shadow treasurer Richard Mulcahy are trading insults today over the issue of land tax.
Mulcahy says Canberrans are paying more tax, and at a higher rate than Sydney, thanks to Stanhope.
He says the land tax payable for a median-priced home in Canberra is $5,411, based on a property valued at $386,500, while in Sydney, land tax based on a median-priced house of $495,700 is $2,542.90.
But Stanhope says he actually decreased the marginal rate for the tax in the last budget, and if there is more revenue, it’s because the land values have increased.
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He says Mulcahy is being selective with his information.
Read about it in IBN News.