Land Tax in Australia
Land tax is an annual tax levied by state governments on the unimproved value of land you own. If you own multiple investment properties, land tax can accumulate quickly and must be budgeted for.
Your Primary Place of Residence (your main home) is fully exempt from land tax.
State Thresholds for Individuals
Each state has different land tax rates and threshold limits:
1. New South Wales (NSW)
- General Threshold: $1,075,000.
- Premium Threshold: $6,570,000.
- Rate: $100 plus 1.6% of land value above the general threshold.
2. Victoria (VIC)
- General Threshold: $50,000 (temporary COVID debt levies apply).
- Rate: Progressive scales starting at $500 flat.
3. Queensland (QLD)
- General Threshold: $600,000.
- Rate: Progressive scales starting at 1.0%.
Action Plan: Check Valuations
- Review Valuations: Access the Valuer-General land assessments on your property rate notices.
- Estimate Land Tax: Use our Land Tax & Property Holdings Estimator to model cumulative tax liabilities.
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