Wollongong experts weigh in on whether NSW should dump stamp duty

By Desirée Savage
Updated April 8 2016 - 5:08pm, first published 7:30am
DEBATE: If stamp duty was replaced by an annual land tax of 0.75 per cent, using the 2015 median land value for Wollongong LGA at $279,000, landowners would pay about $2100 every year. Picture: iStock
DEBATE: If stamp duty was replaced by an annual land tax of 0.75 per cent, using the 2015 median land value for Wollongong LGA at $279,000, landowners would pay about $2100 every year. Picture: iStock

It’S one of the most hated taxes in the country but debate has raged in the Illawarra this week over whether NSW should abolish stamp duty in place of an annual land tax.

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