MEDIA RELEASE: Smith and Matheson fight to impose rezoning tax to reduce council rates

Western Australia Party MP Charles Smith and party leader Julie Matheson say a 25 per cent rezoning tax applied to large development profits could reduce council rates.

The tax would be applied to land banking profits with funds collected being injected into an infrastructure and amenity fund for the public’s benefit.

If the tax is implemented there would be less pressure to raise council rates.