The Government will attempt to pass a bill very soon that will alter the way valuations on homes and small businesses are determined, therefore affecting Rates. The Bill will redefine "unimproved" to include the hard work of property owners, including (among other things) the buildings they have erected, the leases they have in place, business goodwill and infrastructure charges.
This will have profound effect on home owners who have done any improvements on their property (excluding their house), property investment in Queensland and will result in an even more desperate rental situation that already exists. When you don't have investors you don't have rental properties. These charges will be retrospective to 2002. If you own a home YOUR RATES WILL GO UP, this does not just apply to investors or business.
We, the undersigned, demand that the introduction and passing of the 'Valuation of Land and Other Legislation Bill 2010' be halted until comprehensive community consultation has been performed.
Home owners, investors and small business must be consulted and given an opportunity to analyse and respond to proposed changes to the existing legislation.
The Retrospective Land Tax - Valuation of Land and other Legislation Bill 2010 petition to The Premier of Queensland was written by Rebecca and is in the category Government at GoPetition.