Wednesday, September 1, 2010

SRO GRAB FOR OUR CASH

For all of you who invest in property there is an important notice you will receive from the State Revenue Office that you need to read very carefully. It is your LAND TAX Notice and it appears the SRO attitude is include everything and the majority of the population will just pay it. This could cost you hundreds of dollars if not thousands if you don't do something about it. The 4 biggest grabs we have seen are the following:

1. Your residence is included with land tax calculated on it,
2. Your primary production property is included with land tax calculated on it,
3. You have altered titles and this has not been reflected, and
4. The market value placed on your property's is excessive.

If the SRO have had a grab at you and tried one of these 4 on you, you need to object against the assessment within the time frame allowed. If you don't you will be expected to pay the tax for every year that you own the property.

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