What is MRIT (Metropolitan Region Improvement Tax)?
Metropolitan Region Improvement Tax (MRIT) is an annual tax based on the aggregated taxable value of land you owned (excluding exempt land) at midnight on 30 June which is situated in the metropolitan region.
The metropolitan region includes the following local governments: Armadale, Bassendean, Bayswater, Belmont, Cambridge, Canning, Claremont, Cockburn, Cottesloe, East Fremantle, Fremantle, Gosnells, Joondalup, Kalamunda, Kwinana, Melville, Mosman Park, Mundaring, Nedlands, Peppermint Grove, Perth, Rockingham, Serpentine-Jarrahdale, South Perth, Stirling, Subiaco, Swan, Victoria Park, Vincent and Wanneroo.
This is a special purpose tax used to finance the cost of providing land for roads, open spaces, parks and similar public facilities.
MRIT is imposed at a rate of 0.14 cent for every dollar of the taxable value of the land in excess of $300,000.