Land tax

Discussion in 'Investment Strategy' started by Nigel765, 11th Jan, 2020.

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  1. Nigel765

    Nigel765 New Member

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    Sydney
    Is it just me or is the way land tax calculated quite distorted? E.g. unimproved value of land in a small apartment block for property worth $1m in surry hills Sydney, was $250k (the apartment was built 40 years ago) vs $250k land value for a red brick walk up as well in Liverpool Sydney?

    Anyone looked at these distortions?
     
    Nigel765, 11th Jan, 2020
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    What's the land component in each case? Is it comparable?

    What development rights attach with each block?
     
    Scott No Mates, 11th Jan, 2020
    #2
  3. Nigel765

    Nigel765 New Member

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    Location:
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    sqm of land per apartment was very comparable
     
    Nigel765, 11th Jan, 2020
    #3
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Provide the site addresses, zoning, fsr, lv, site area etc for a considered answer.
     
    Last edited: 11th Jan, 2020
    Scott No Mates, 11th Jan, 2020
    #4