TAXATION.

Hawke's Bay Tribune, Volume VIII, Issue 217, 15 August 1918, Page 2

TAXATION.

[to the editob.J Sir.—Havelock North possesses all Um n tin il t tribe i ll i mikes it one oi the m< ( It n ibn irsidenliil pi ipcsitioi in New Zc il mil \t pic en it sll -<') mule up ot v uanL lots and it. seems to be that as tong t \< nut u< out poliv <( bo < iph taxation on capital values we are gom„ th light w D about 1 it m that state. On a property or a cawtal value of ;£7oo the borough taxation amounts to £6 □/-. exclusive ot water rates, which amount to bom <~l 1 1 to ’ aicoidin„ a.s to whether one uses tanks or not. A \tc in lot o tin s me tit t i U» nr works out at about Ll Hl- to L2. so tu it st tin 1 > inc th t i t it sidt n Hal property holders are not only paying our own share ot taxation but a goodlv share ot tne very often absentee land speculator as well. I ho; < I i ou'J bt spoit noitah to p smiling an even greater amount ot taxation it al] propertv holders in the imißoirl )< a, w it i like proportion, as long as it was being used to the improvement and ad\in mci tof tht tewn Flu pit nt position is that a would-be resiuenl i fi t tired i tin in extrav ig nt land value because the speculator who bolds it can get his interest on capital and borough taxation out ot it bv letting it for grazing purposes and next, to build a house and imnrovements that would run his can’tal value tin to a couple ot thousand pounds, he incurs a rent in taxation oi from nine to ton shillinit'ner week. M e cannot exnect would ne residents to make their home*-he>-e under such conditions, so T think it behoves us residential property holders to try and get a move on towards getting our borough taxa lion b<lBo'l on the system ot unrnnrovea values, and so make the lam spe id it >i e th«-i (U hi vi<mt 1 > it i i a on ib'c n ce ci lin’d houst and so keen tin his end ot the stick in adding to tne town advancement —I am. etc.. JNO. D. HEENAN. Havelock North, 14/8/18.