1.75% annual Land Value Tax
What it actually does
An annual tax of 1.75% on the value of residential and commercial land (not buildings) and 0.5% on rural land, phased in over 10 years. Retirees can defer payment to their estate and farmers can defer in tough seasons.
Source: opportunity.org.nz · 2026-05
The Trump take
“A tax on land? Every year? I own a lot of land. The most land. Golf courses! This is the worst idea I've ever heard, and I've heard Biden's ideas.”parody
Why it scored this way
Taxes
A brand-new annual tax on land
-2
Hates it
Deals & property
Designed to cool property prices and speculation
-2
Hates it
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