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Land Tax Could Slash House Prices | Auckland News
The Opportunity Party’s bold land tax plan—1.75% annually (0.5% in rural areas)—aims to fund a universal citizen’s income while potentially slashing house prices by 10-15%, especially in land-heavy markets like Auckland. Economists agree the tax would deter investors, but warn it could also spike rents as extra cash from the citizen’s income fuels demand. A deferral option for retirees and farmers eases the burden, with leaders arguing long-term economic gains outweigh minor equity erosion. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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