Property owners will be able to challenge their inclusion on maps designed for new land tax
The tax will be set at 3 per cent annually for the market value for land zoned for housing that is not being developed
Property owners in possession of underused land will be able to challenge their inclusion on maps designed to target people as part of a new tax being introduced by the government.
The Business Post reported yesterday that new land maps to be drawn up by local authorities would be key to the success of the proposed Residential Zoned Land Tax (RZLT) but could also lead to challenges from property owners.
The new tax will be ...