UNIMPROVED RATING IS WORLD’S BEST
Dear Sir/Madam,
Unimproved Capital Value (UCV) is the best rating system in the world,
because it does not penalise the hard-working people who add value to their
home or business properties.
So it was disappointing to read that Cambridge council candidate David
Berry (Claremont-Nedlands Post 17/4) wants to abolish UCV rating in
the endowment lands, but pleasing to read in the same issue Bruce Elliott's
thoughtful refutation.
Mr Berry said that 70 per cent of owners in the endowment lands would
pay lower rates if the Gross Rental Value (GRV) system replaced UCV. What
about the 30 per cent who will pay a fair bit more?
| Published letter to editor of
Post, of 2 Keightley Road, Subiaco (a Perth suburb), W. A. |
The unimproved value system causes people to pay rates based
on what nature and the whole community has produced in amenities, the value
of which is reflected in land prices.
As population increases and the standard of living rises, the
price of land rises, so allowing landowners to extract a higher price or
rent from their fellow citizens.
These increases are more than would be justified by the cost of the
land originally. UCV rating is a small step towards counteracting this
injustice.
Yours faithfully,
John Massam, 28 April 1999
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Just World Campaign, 46 Cobine Way, Greenwood, (a Perth suburb), WA, 6024, Australia. Tel.: +61 ( 0 ) 8 9343 9532, Cellphone 0408 054 319
john.massam@multiline.com.au
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