The Property Council congratulates the WA Government for scrapping the 2% land tax on family homes.
Property Council Executive Director, Mr Joe Lenzo, said the Government had acted responsibly to remove a divisive and unfair land tax on Western Australians.
"The Government's policy shift will help to restore some shaken business confidence in WA," said Mr Lenzo.
The Government has, however, retained the $28.6 million land tax scale increases on business.
Mr Lenzo said, "WA businesses will still not be spared from costly land tax increases at a time of economic uncertainty."
"We believe the Government should also review its $28 million land tax increases on businesses."
"The land tax increases hit businesses three times harder than the scrapped Premium Property Tax."
"The Government can afford to scrap the $28 million land tax increases on WA business and remain in surplus."
"There has not been as much community concern about land tax increases on WA business, but businesses are still bearing a heavy property tax burden."
The Government received a $130 million revenue windfall from taxes on property in 2000-2001.
The Property Council will provide an information paper to the Government on the impact of the land tax increases on businesses in the near future.