Conveyancing Services – What is the parking space levy?
Parking space levy is a levy on off-street commercial and office parking spaces in certain business districts. There are two categories of business districts attracting different rates.
From 1 July 2010, the parking space levy in Sydney, North Sydney and Milsons Point (category 1) increases from $2,000 per parking space to $2,040 per parking space, and the parking space levy in Bondi Junction, Chatswood, Parramatta and St Leonards (category 2) increases from $710 per parking space to $720 per parking space.
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