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Canberra’s steep household rates increases to end, as two reviews find the ACT’s tax overhaul benefited economy – ABC News

Chief Minister Andrew Barr says rates bills will increase by a maximum of 3.75 per cent after a temporary freeze this year.



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August 27, 2020 08:27:28
Canberra’s rates are the highest in the nation, but the era of those rapidly rising bills is over for now, with the ACT Government pledging to cap future increases.
Key points:

  • Average ACT rates increases will be capped at 3.75 per cent from 2021-22
  • Two independent reports on ACT tax reforms say the changes slightly increased economic activity
  • The reports also say the changes shifted more of the tax burden to wealthier Canberrans
  • Click here to view the original article.