Progressive Bracket System
nounpro·gres·sive brack·et sys·tempronounced prə-GRES-iv BRAK-ət SIS-təm
Last reviewed 16 April 2026
What does the noun Progressive Bracket System mean?
A tax structure where different portions of the property value are taxed at increasing rates, similar to income tax brackets. You do not pay one flat rate on the entire purchase price.
How the noun Progressive Bracket System is used
Stamp duty uses a progressive bracket system, so you only pay the higher rate on the portion of the price above each threshold — not on the whole amount.
Synonyms
marginal rate system, graduated tax system
Related words
Cite this entry
MLA citation: "Progressive Bracket System." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/progressive-bracket-system. Accessed 30 May 2026.
Chicago citation: How to Property. "Progressive Bracket System." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/progressive-bracket-system.
APA citation: How to Property. (2026, April 16). Progressive Bracket System. https://howtoproperty.com.au/definitions/progressive-bracket-system