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.