pn574. Susan St John unclear on needed tax reform. See pn566

Susan St John

This question from a reader:

Croz

In this abbreviated form I think you and Susan maintain that property owners of farms and residential houses with high govt valuations should be taxed according to the value of their properties.  Is this really what you mean?  

I think of people in what used to be working class Eastbourne who under this rule now find that their modest family cottages are worth over a million should be taxed on the measure decided on the basis of inflated market values. 

Is this what you mean or are you and Susan referring to owners of multiple properties that generate rent or provide a weekend retreat for the bourgeoisie?  How far do you take it?  Who are going to be the tax payers you have in mind?

I’m disappointed that this govt has removed capital gains taxes from their agenda.  These property speculators seeking capital returns from properties bought on the hard work and rent paid by those less well-heeled is just not fair. Wonderful Jacinda is so middle of the road she makes me think she has only comforting “I’ll always do my best” words and hugs and kisses as her policy platform.  Hope not. We need more backbone than this if NZ is going to solve the housing crisis..  

All the best

Joe Hill

P.S. from Croz. Auckland University Hon Assoc Professor Susan St John did not reply to my email requesting an answer. If you know her, please inform her of Joe's question.  Comments on this, and all other postings,  are most welcome.

Click on Comment below. How can we tax on property income rather than property value?

Other comments on this and other postings are most welcome.