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AAP
AAP
Politics
Jack Gramenz

NSW govt spruik '63-year' land tax benefit

NSW homebuyers who opt for annual tax instead of upfront fees will benefit for decades: Treasury. (Bianca De Marchi/AAP PHOTOS) (AAP)

Optional land tax will help first-home buyers purchase property sooner and save them money over the time they're expected to stay in the home, the NSW government says.

Some could live in their property for 63 years and still pay less than they would paying upfront stamp duty, according to NSW Treasury analysis.

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