Land tax is an annual tax payable by the owner of land classified as 'general land' as at 1 July each year. The properties that are taxable include (but are not limited to):
- Vacant land;
- Commercial properties;
- Shacks; and
- Rental properties.
The 'general land' classification is applied to any land that is not classified as either principal residence or primary production land.
Exemptions or rebates
Land tax is payable for land with a 'general land' classification unless an exemption or rebate is available.
Land tax calculation
Land tax is calculated on the assessed land value of taxable land held by the registered owner.
Where one property is owned, land tax is calculated on the property's assessed land value or the apportioned assessed land value if there is more than one use.
When more than one property is owned, land tax is calculated on the aggregated assessed land values of the properties.
Selling general classified land with land tax owing
If a property has a 'general land' classification, any overdue land tax on the account must be paid when the property is sold or transferred.
- If you are being represented by a solicitor/conveyancer, discuss this with them; or
- If you are representing yourself, refer to Land tax search.