Developers Threaten to Stop Building Over New Victorian Land Taxes A major Melbourne-based property developer is warning it will stop looking for new construction opportunities until the Victorian government releases the details of its plans to raise land and property taxes for the ninth time. Sam Tarascio, managing director at one of Australia’s largest developers, Salta Properties, told The Australian that the company would put the assessment of future developments that involve rezoning on hold until they thoroughly understood the proposed tax. “Until we see that detail, we cannot quantify the new costs associated with the tax,” Tarascio said, referring to the new windfall taxes where up to 50 percent of land value uplift as a result of rezoning will go to the government.