RATING ON UNIMPROVED VALUE ACT. 1896.

Otago Daily Times, Issue 12989, 2 June 1904, Page 10

RATING ON UNIMPROVED VALUE ACT. 1896.

The following 'petition, addressed to the Mayor of Moraington, is being signed, with the view of ha.ving the pnnciple of rating on tho ummproved value brought into operation iu that borough :~ V/e, the undc-signed ratepayers of Morning. ton, do hereby ask, in confonniw with sectioni 5 or "The Katmg on Unimproved Value Act, 1890," tltat yon will take the necessary steps to cause a vote of the ratepayers within the borougli. to be taken, with a view to the adoption of " The Rating on Unimproved Value Ac!, IS9G." Further, flat you will advertise that a public meetiug will he held at au early date to enable the ratepayers to discuss ilio matter with a view to liriugiug out tho great advantages to ratepayers by this system of rating, . ... .■ ' Here are. soinoof the reasons why'the Horuiugton ra.tepayers.ougbt to.vote for rating under Lmiinpro\Tcl value:— ' •

1. It is much fuirer than the present system which puts a rate upon your industry. . 2. By this system almost all ratepayers will have their ■ rates', reduced.

3. It will fio m-xj with land monopoly. i. lour three extension tramways abut uooa largo tracts of unoccupied land held by capitalists until its value increases sufficiently to warrant them in selling, while you are paving their rates.

a. IVero this land sold at its present real value, purchasers would immediately build and settle • there, and in consequence make your tramways pay better, and. thus reduce your rates still further. •'

6. A few examples will be of interest to aW tho difference between tho two svstems of rating: One person holding 50 acres of land at present pays £3 15s, would pay about £30. Another person holding 12. acre* Za £G, would pay £23 8s 9d. Another hoiaine li acres pays £2 155, would pay £ l 8 l sa , and there are many other similar results. AW then for land and buildings: Thero is one with one anil j-half acres and house at present paying £j 10s would mj' £10. Under the now system mother with three-quarters of an acre and house at present pays £11 Ss, would pay £5 5 3 - while another with one and three-quarter acres pays £5 6s, would .pay £5 12s; anotJier quarteracre and house paying £!, woiUd pay £1 Us 9dMother Imb-acre und house psyin" £3 9s Cd m a Is 3d; another'one-eight-acre and house paying £1 io 3) IVOU ]d pß y° a Sa . mother quarter-acre and Jimise paying £1 in,' iveuld pay lGs 3d; another quarterly and louse -paying.fi 10s, would pay £h are :aken from all over the borongh, and go to ihow that in most case,? substantial reductions ire -raaa ? to residents, while capitalist contd iot continue to hold their land.