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South Australia bows to land tax protests |
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South Australia Premier Mike Rann has announced a $245 million package to reduce land tax in the state.
 The State Government has been under pressure from the Opposition and property owners to ease land tax rates for more than 18 months.
The scheme will raise the tax-free threshold from $50,000 to $100,000.
That means 44,000 investment property owners who currently pay land tax will no longer have to do so.
The restructured scheme will be back-dated to January 1, with the state's 121,000 land-tax payers to receive a rebate over the next few months.
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