The ABS finding shows that land tax revenue surged from $3.2 billion to $4.1 billion, and young Australians are struggling to enter the housing market as the total stamp duty has been pushed to $10.72 billion.
Shadow Treasurer Brad Rowswell said these findings confirmed that Victorians paid more tax than ever.
“And it’s only going to get worse for Victorians when the Andrews Government hands down what promises to be a horror State Budget next month,” Mr Rowswell said.
“By the Andrews Government’s own numbers, their tax take will rise by 14 per cent over the next three years with the land tax take set to increase by 21 per cent over the same time.”
He said the total state taxes were forecasted to rise to $35.6 billion by 2025 to 2026, rising $17.3 billion compared to the number in 2014.
“And young Victorians continue to struggle to enter the property market thanks to some of the highest stamp duty rates in the nation under the Andrews Government,” he added.
“For as long as the Andrews Government is in power, every Victorian will continue to pay more and get less because it simply can’t manage money.”
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