Published on March 26, 2026
The proposal to significantly increase property taxes in Frankston has sparked intense debate among residents, particularly as the local council considers trebling rates for commercial landlords. This controversial move aims to generate additional revenue for the city but has faced backlash from business owners and residents alike.
At the same time, the council is considering an incentive that would slash property taxes for new developments, which some argue could create a disparity in treatment between long-standing commercial properties and new ventures. This dual approach has left many residents puzzled and concerned about the implications for the local economy.
Businesses owners fear that higher property taxes could lead to increased costs being passed on to consumers, potentially driving customers away and impacting the viability of local shops and services. “We’re already struggling post-pandemic, and this would be the final straw for many of us,” said a local shopkeeper who asked to remain anonymous.
In contrast, proponents of the plan argue that increasing tax rates on established properties would ensure that corporations contribute their fair share to the community. They contend that with a thriving business environment, thanks in part to new developments, the overall economic growth will benefit all citizens in the long run.
Residents attending the recent council meeting expressed mixed feelings about the proposal. Some supported the need for increased funding for essential services, while others voiced concerns about the fairness of burdening long-time commercial landlords. “It’s frustrating to see new developments getting tax breaks while we are being asked to pay more,” one resident remarked.
As the council reviews feedback from the community, the outcome of this proposal could have lasting effects on Frankston’s commercial landscape and its residents. Further discussions and votes are expected in the coming weeks, as both the council and community members seek a solution that balances the need for revenue with fairness for local businesses.