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AAP
AAP
Politics
Callum Godde

'Scare campaign' kills Vic property tax

Treasurer Tim Pallas has confirmed Victoria's $800m property tax and its reforms will be dumped. (AAP)

A contentious $800 million tax to build social housing has been binned by the Victorian government over fears of a "mischievous" scare campaign on housing affordability in an election year.

Less than a fortnight ago, the Andrews government trumpeted plans to impose a 1.75 per cent levy on new developments of more than three dwellings to pay for building thousands of social and affordable homes from 2024.

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