Hobart City Council has amended its policy on rates and charges to allow for increased rates remissions for vacant residential land that is under development.
Earlier this year, the council doubled the differential rate for vacant residential land with the aim of encouraging development for housing.
Following a number of ratepayer requests for remissions, the council has decided to grant part remissions where there is a genuine commitment to developing the land for residential purposes; or where the land is shown to be undevelopable for residential purposes.
Under the new policy endorsed this week, the council’s CEO had approved remissions up to $8K per property, with anything higher requiring formal council approval.
(Source: Hobart City Council Agenda, 25/9/23; Pulse Hobart)