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|Subject: NZ: The so-called "Productivity Commission" reveals future ways councils will tax homeowners Wed Mar 29, 2017 10:57 pm|| |
|As cities grow, councils will have to find new ways to tax residents to pay for infrastructure development like roads, rail and water pipes, a report finds.|
The Productivity Commission's Better Urban Planning report suggests a list of "fair" ways councils could raise funding from homeowners and businesses.
Those who benefit most from new infrastructure would pay most of its costs.
The commission's suggestions including "value capture" taxes, allow councils to tax the increases in the value of property resulting from improved infrastructure in an area, such as a new train line making an area a more desirable place to live.
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