Treasury has responded to a landlord lobby group’s proposal to raise the tax-free threshold on land values by 200 per cent, saying land tax is “critically important” and pays for new roads, hospitals and wages. Treasury has responded to a landlord lobby group’s proposal to raise the tax-free threshold on land values by 200 per cent, saying land tax is “critically important” and pays for new roads, hospitals and wages. Tax, Property Prices, State and Territory Government, Real Estate Industry, Homelessness Latest business news