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Hobart Council offers rate relief to vacant landowners after earlier hike

A section of land currently for sale at 14 Bishop Street in New Town. Image / Knight Frank

The Hobart City Council has voted to grant a partial rates remission to owners of vacant residential land after their rates were doubled earlier this year.

The council had hoped the rate increase would encourage owners to develop their land for housing and influence the rental market.

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The partial remission will be available to property owners who have planning, building and plumbing permits for development, as well as owners whose land cannot be developed.

Applications for rate remissions up to $8,000 will need to be approved by the City of Hobart CEO, while remissions higher than $8,000 will need to be approved by the full council.

A section of land currently for sale at 14 Bishop Street in New Town. Image / Knight Frank

Broader rates policies will be reviewed by the council in the coming months.