How much will Morgan’s capital tax cost you?

  Average house value January 2017

Morgan capital tax 6% return

Morgan capital tax 3.5% return

New Zealand

$631,302

$11,363

$6,629

Main Urban Areas

$754,572

$13,582

$7,923

Auckland Area

$1,047,699

$18,859

$11,001

Wellington Area

$582,322

$10,482

$6,114

Far North District

$389,811

$7,017

$4,093

Whangarei District

$463,319

$8,340

$4,865

Kaipara District

$463,896

$8,350

$4,871

Rodney District

$933,456

$16,802

$9,801

Rodney – Hibiscus Coast

$908,966

$16,361

$9,544

Rodney – North

$961,450

$17,306

$10,095

North Shore City

$1,214,291

$21,857

$12,750

North Shore – Coastal

$1,387,368

$24,973

$14,567

North Shore – Onewa

$971,364

$17,485

$10,199

North Shore – North Harbour

$1,189,924

$21,419

$12,494

Waitakere City

$836,574

$15,058

$8,784

Auckland City

$1,225,096

$22,052

$12,864

Auckland City – Central

$1,065,420

$19,178

$11,187

Auckland_City – East

$1,532,815

$27,591

$16,095

Auckland City – South

$1,107,912

$19,942

$11,633

Auckland City – Islands

$1,036,288

$18,653

$10,881

Manukau City

$901,422

$16,226

$9,465

Manukau – East

$1,158,197

$20,848

$12,161

Manukau – Central

$686,567

$12,358

$7,209

Manukau – North West

$781,110

$14,060

$8,202

Papakura District

$684,172

$12,315

$7,184

Franklin District

$660,557

$11,890

$6,936

Thames-Coromandel District

$645,780

$11,624

$6,781

Hauraki District

$359,520

$6,471

$3,775

Waikato District

$441,525

$7,947

$4,636

Matamata-Piako District

$398,682

$7,176

$4,186

Hamilton City

$531,337

$9,564

$5,579

Hamilton – North East

$678,886

$12,220

$7,128

Hamilton – Central & North West

$489,611

$8,813

$5,141

Hamilton – South East

$482,333

$8,682

$5,064

Hamilton – South West

$466,235

$8,392

$4,895

Waipa District

$490,723

$8,833

$5,153

Otorohanga District

$243,964

$4,391

$2,562

South Waikato District

$188,852

$3,399

$1,983

Waitomo District

$172,405

$3,103

$1,810

Taupo District

$418,130

$7,526

$4,390

Western Bay of Plenty District

$575,089

$10,352

$6,038

Tauranga City

$672,752

$12,110

$7,064

Rotorua District

$379,865

$6,838

$3,989

Whakatane District

$380,691

$6,852

$3,997

Kawerau District

$177,183

$3,189

$1,860

Opotiki District

$248,261

$4,469

$2,607

Gisborne District

$271,632

$4,889

$2,852

Wairoa District

$161,966

$2,915

$1,701

Hastings District

$392,182

$7,059

$4,118

Napier City

$419,099

$7,544

$4,401

Central Hawkes Bay District

$253,787

$4,568

$2,665

New Plymouth District

$415,761

$7,484

$4,365

Stratford District

$234,372

$4,219

$2,461

South Taranaki District

$198,934

$3,581

$2,089

Ruapehu District

$156,971

$2,825

$1,648

Whanganui District

$207,752

$3,740

$2,181

Rangitikei District

$163,111

$2,936

$1,713

Manawatu District

$289,350

$5,208

$3,038

Palmerston North City

$348,581

$6,274

$3,660

Tararua District

$163,877

$2,950

$1,721

Horowhenua District

$258,047

$4,645

$2,709

Kapiti Coast District

$482,723

$8,689

$5,069

Porirua City

$484,164

$8,715

$5,084

Upper Hutt City

$433,538

$7,804

$4,552

Lower Hutt City

$482,632

$8,687

$5,068

Wellington City

$702,081

$12,637

$7,372

Wellington – Central & South

$703,433

$12,662

$7,386

Wellington – East

$753,259

$13,559

$7,909

Wellington – North

$627,791

$11,300

$6,592

Wellington – West

$808,685

$14,556

$8,491

Masterton District

$276,020

$4,968

$2,898

Carterton District

$321,476

$5,787

$3,375

South Wairarapa District

$370,839

$6,675

$3,894

Tasman District

$498,111

$8,966

$5,230

Nelson City

$508,343

$9,150

$5,338

Marlborough District

$423,753

$7,628

$4,449

Kaikoura District

$398,058

$7,165

$4,180

Buller District

$183,573

$3,304

$1,928

Grey District

$211,780

$3,812

$2,224

Westland District

$234,405

$4,219

$2,461

Hurunui District

$378,276

$6,809

$3,972

Waimakariri District

$434,854

$7,827

$4,566

Christchurch City

$497,539

$8,956

$5,224

Christchurch – East

$371,157

$6,681

$3,897

Christchurch – Hills

$667,077

$12,007

$7,004

Christchurch – Central & North

$588,632

$10,595

$6,181

Christchurch – Southwest

$477,247

$8,590

$5,011

Christchurch – Banks Peninsula

$514,403

$9,259

$5,401

Selwyn District

$547,094

$9,848

$5,744

Ashburton District

$348,788

$6,278

$3,662

Timaru District

$335,449

$6,038

$3,522

MacKenzie District

$420,915

$7,576

$4,420

Waimate District

$229,085

$4,124

$2,405

Waitaki District

$260,433

$4,688

$2,735

Central Otago District

$411,111

$7,400

$4,317

Queenstown-Lakes District

$1,032,560

$18,586

$10,842

Dunedin City

$359,055

$6,463

$3,770

Dunedin – Central & North

$372,295

$6,701

$3,909

Dunedin – Peninsular & Coastal

$320,180

$5,763

$3,362

Dunedin – South

$342,080

$6,157

$3,592

Dunedin – Taieri

$375,669

$6,762

$3,945

Clutha District

$190,208

$3,424

$1,997

Southland District

$236,549

$4,258

$2,484

Gore District

$200,826

$3,615

$2,109

Invercargill City

$239,252

$4,307

$2,512

Liability is 6 percent of your capital equity which is then taxed at 30%. The return is assumed to be equal to the long-term bond rate for the last 10 years. That was 6% when Morgan wrote his book in 2011; that average long-term rate is about 3% now. I used his 2011 assumptions.

3 Comments (+add yours?)

  1. Paul Scott's avatar Paul Scott
    Feb 19, 2017 @ 20:20:23

    It won’t cost anything, its not going to happen . Madmouth Morgan is a sociopath.

    Like

    Reply

  2. Paul Scott's avatar Paul Scott
    Feb 19, 2017 @ 20:23:04

    Its a good reference for capital values through NZ

    Like

    Reply

Leave a reply to Paul Scott Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Bassett, Brash & Hide

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Truth on the Market

Scholarly commentary on law, economics, and more

The Undercover Historian

Beatrice Cherrier's blog

Matua Kahurangi

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Temple of Sociology

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Velvet Glove, Iron Fist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Why Evolution Is True

Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.

Down to Earth Kiwi

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

NoTricksZone

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Homepaddock

A rural perspective with a blue tint by Ele Ludemann

Kiwiblog

DPF's Kiwiblog - Fomenting Happy Mischief since 2003

The Dangerous Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Watts Up With That?

The world's most viewed site on global warming and climate change

The Logical Place

Tim Harding's writings on rationality, informal logic and skepticism

Doc's Books

A window into Doc Freiberger's library

The Risk-Monger

Let's examine hard decisions!

Uneasy Money

Commentary on monetary policy in the spirit of R. G. Hawtrey

Barrie Saunders

Thoughts on public policy and the media

Liberty Scott

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Point of Order

Politics and the economy

James Bowden's Blog

A blog (primarily) on Canadian and Commonwealth political history and institutions

Science Matters

Reading between the lines, and underneath the hype.

Peter Winsley

Economics, and such stuff as dreams are made on

A Venerable Puzzle

"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II

The Antiplanner

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Bet On It

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

History of Sorts

WORLD WAR II, MUSIC, HISTORY, HOLOCAUST

Roger Pielke Jr.

Undisciplined scholar, recovering academic

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

Conversable Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Victorian Commons

Researching the House of Commons, 1832-1868

The History of Parliament

Articles and research from the History of Parliament Trust

Books & Boots

Reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

European Royal History

Exploring the Monarchs of Europe

Tallbloke's Talkshop

Cutting edge science you can dice with

Marginal REVOLUTION

Small Steps Toward A Much Better World

NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

STOP THESE THINGS

The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.

Lindsay Mitchell

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Alt-M

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

croaking cassandra

Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective

The Grumpy Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

International Liberty

Restraining Government in America and Around the World