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Parliamentary Questions


Question On Notice No. 2101 asked in the Legislative Council on 7 May 2019 by Hon Tjorn Sibma

Question Directed to the: Minister for Environment representing the Treasurer; Minister for Finance; Aboriginal Affairs; Lands
Parliament: 40 Session: 1


Question

In tabular form, for each financial year: 2015-16; 2016-17; 2017-18; and, 2018-19 (to date), will the Minister please provide the land tax revenue received by the State Government for according for each of the following land tax scales:
(a) $300,001 - $420,000;
(b) $420,000 - $1,000,000;
(c) $1,000,000 - $1,800,000;
(d) $1,800,000 - $5,000,000;
(e) $5,000,000 - $11,000,000; and
(f) $11,000,000+?

Answered on 11 June 2019

(a)-(f)

Land Tax Revenue Raised

Land Tax Scales

$

2015-16

2016-17

$

2017-18

$

2018-19 (to 20 May 2019)

$

300,001 - 420,000

12,550,692

12,439,992

12,153,150

11,989,050

420,001 - 1,000,000

51,868,970

50,569,957

48,795,101

46,936,767

1,000,001 - 1,800,000

69,138,081

66,127,750

63,070,974

61,245,419

1,800,001 - 5,000,000

201,363,642

189,220,889

176,841,051

169,545,655

5,000,001 - 11,000,000

152,071,267

144,916,139

137,455,478

131,387,835

11,000,001+

469,672,903

888,850,924

406,465,322

393,713,244

 

For the Member’s information, the dramatic increase in the $11,000,001+ bracket, in 2016-17 is due to the previous Government’s decision to change the land tax rates. The decline from 2017-18 is due to the drop in unimproved values of land in the land tax base.