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Land Tax

Discussion in 'Accounting, Tax & Legal' started by NickM, 18th Jan, 2006.

  1. NickM

    NickM Co-founder Staff Member

    Joined:
    20th Jun, 2005
    Posts:
    321
    Location:
    Sydney
    That time of year is just around the corner for those with NSW properties. :(

    I have just received a notice of valuation from the Department of lands.

    They seem to have upgraded their website to now accomodate owners to view online valuations for their properties.

    They also provide you with a "valuation objection kit"

    http://www.lands.nsw.gov.au/Records/Valuation/default.htm

    I am yet to look at it but will do so in the next few days.

    I would be interested to hear from others if their land values in NSW have increased compared to last year.

    NickM
     
  2. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    $8.25 for the privilege ! :mad:
     
  3. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    I haven't had any land tax bills (yet) Nick, but I will be letting you know when they turn up unwanted again in my letterbox!
    May need to get a 2nd job to handle it this year..... *sigh*
    Another of the joys of owning property..... along with rates, water, strata, PM fees, maintenance......
     
  4. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    Jacque,

    You've heard this before and no doubt done well out of property but considered shares instead?
     
  5. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    Yes Glebe :)
    I actually do have a nicely balanced portfolio of both- Steve (better half) is the share and funds guru, however. I let him take care of all of that!
    Have tried to understand them more and get into it, but they just don't capture my attention.