Prosper Australia

Manningham Leader

Dear Sir,

I am appalled at the ignorance displayed by the councilors and ratepayers alike reported in the Manningham Leader with respect to the rating system in connection with the differential rates to be applied to vacant land. Differential rates are wrong because they are arbitrary and unnecessary if the correct rating base, site value (SV), is used. The currently used capital improved value (CIV) penalizes those who develop and improve their land with higher rates and assists those who hold their land idle with lower rates. (more…)