Government Tax Revenue From Property Continued To Climb

The latest annual taxation data shows that state and local government coffers were boosted by $52.5 billion in 2016-17 due to taxes on property.

Each year, the Australian Bureau of Statistics (ABS) releases taxation statistics and the latest data for 2016-17 was released recently.  Over the 2016-17 financial year, state and local governments collected $52.5 billion in taxes from property with the figure climbing by 5.9% over the year.  The taxation take from property is now more than…