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UniversalTrader

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15/03/22

08:03

Post #: 60190746
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Originally posted by wotsup: ↑

We in the West get a double hit -> If you are liable to pay land tax, you may also be required to pay metropolitan region improvement tax (MRIT).
MRIT is imposed on property with a land tax liability at a rate of 0.14 cent for every dollar of the aggregated taxable value of the land in excess of $300,000.
MRIT is a special purpose tax used to finance the cost of providing land for roads, open spaces, parks and similar public facilities. It is payable in addition to land tax on property located in the metropolitan area.

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Another rort based on perceived wealth
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