General
Taxation Revenue From Property Continues to Climb
The latest data shows that state and local governments collected 51.9% of their total taxation revenue from property, a record high proportion.
The Australian Bureau of Statistics (ABS) has recently released the latest taxation statistics data for the 2015-16 financial year. From a property perspective, taxes are largely collected from state and local governments and over the year $49.567 billion in property taxes were collected nationally. The value of property taxes collected was…
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