Not ready to join OCN yet? Join our mailing list to get the latest strata news FREE
Changes in rates and taxes for units have impacted negatively on owners and renters, particularly those in lower priced properties. There are numerous examples where strata properties are charged higher rates than similar valued houses although the house may use up to four times more land. These arrangements are unfair. In February 2018, the ACT Legislative Assembly agreed to a public accounts committee inquiry into the way rates and taxes are calculated for strata properties. This emerged, in part, from a petition sponsored by the Owners Corporation Network, supported by strata managers, asking the assembly to return to the previous system of calculating rates and land tax. Almost 5800 Canberrans supported this petition. The inquiry is nearing an end. It received 97 submissions and heard from many unit owners.