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Hi guys,

Can someone tell me what property taxes are like in Canberra? And what this includes (land rates etc?)

More specifically for a house roughly $800-$1.2M worth, with no mortgage, primary place of residence.

Also property taxes on property which is rented out (other than income tax).

Help is appreciated

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https://www.sau.com.au/forums/topic/390673-property-taxes-in-canberra/
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ACT only has land rates unless rented out. This is soley based on the land value through a basic forumla.

You pay additional rates if your property is rented out.

http://www.revenue.act.gov.au/rates

$800k-$1200k no mortage??????????? Tell me this is a troll, else let me drive your car collection.

Skeptical people! :P

15 years ago there were houses in Weston for $100k... buy 2 or 3 of them, pay them off with a partner/wife (so 100-150k each) and you'd be sitting pretty to buy a house worth that much now with no mortgage.

Or perhaps him and his wife both owned property before they got together, paid the remaining amount off and are able to sell two houses to buy one big f**k off one.

Whatever his story is (and it's probably neither of the above, but I'm just saying :P ) it's not so unbelievable!

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