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The Victorian government’s soaring tax grab in 11 charts

Victorians will soon be paying close to triple the amount of tax they did when Daniel Andrews came to power. These charts lay bare how the Andrews-Allan governments have ramped up key taxes, levies and fines on households and businesses.

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Victoria is the highest taxing state in Australia, with the Allan government set to grab $50bn from its residents and businesses by 2030.

That staggering figure is a 173 per cent jump on what the state was taking in before former premier Daniel Andrews came to power.

These 11 graphs chart how Mr Andrews and his once deputy turned Premier, Jacinta Allan, have turbo charged taxes, fees and levies that hit you.

Using a car in Victoria has never been more expensive, and drivers pay a hefty price for having a car and making a mistake on the roads.

The government takes a healthy bite out of every property sale and eats into buyers’ savings when they purchase a home.

A divisive tax that every Victorian must pay on all land they own, that is not their principal place of residence. People with an investment property, holiday home or vacant land that is worth more than $50,000 will fall victim to the extra charge.

One more hit to businesses operating in the state, this levy was introduced in 2023 and will be in place for 10 years. The government claims the extra revenue is to pay off massive debt racked up during Covid lockdowns.

A charge on every property to fund fire services, which usually appears on a rates notice. The government is increasing the tax from July 1 to fund more emergency services, meaning households will slugged on average an extra $60 per year, while farmers will be on the hook for an extra $13 per week.

Victorian property owners pay this tax when the value of their land rises by more than $100,000 due to a rezoning.

An annual tax applied to off-street parking spaces in inner Melbourne and the CBD, with the purpose of discouraging the use of private vehicles and promote public transport

Businesses with national payrolls of more than $10m per year must stump up for this payroll tax surcharge which came into effect from the start of 2022. It was implemented to pay for mental health services.

Tax an employer has to pay for their workforce once their wage bills goes over a monthly threshold, which in Victoria is set at $900,000.

The government’s take of the revenue collected on pokies and gaming across the state.

And here’s what the government’s total tax looks like. An analysis of this week’s budget reveals Victoria’s taxes as a percentage of the economy, have grown faster than any other state or territory, with the total take projected to hover just under $48bn by 2020/29.

Originally published as The Victorian government’s soaring tax grab in 11 charts

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Original URL: https://www.ntnews.com.au/news/victoria/the-victorian-governments-soaring-tax-grab-in-11-charts/news-story/d54dc49056f22b2529e67e349abafd7b