Aotearoa / New Zealand

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submitted 1 month ago by Ilovethebomb to c/newzealand

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They're considering moving towards rates based on land value, rather than land+improvements. Land value tax seems to be all the rage lately.

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[–] absGeekNZ 3 points 1 month ago (2 children)

Hmmmm.

I don't live there anymore; do they already split land and improvements like they do in Taupō?

[–] aim_at_me 4 points 1 month ago (1 children)

Yeah they do. But its relatively skewed towqrds improvement rather than land. Makes it less attractive to develop.

[–] absGeekNZ 4 points 1 month ago

Cheers.

Tax land not improvements....Opportunity policy is looking popular. Encourage development.

[–] Ilovethebomb 3 points 1 month ago

The Hutt Valley does this, they have a land and improvement value. I'm not sure what the split is though.