Rates of land tax
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Land tax is calculated on the assessed land value shown on your land tax assessment notice.
Rates from 1 July 2024
Total Land Value
| Current Tax Scale
|
$0 - $124 999.99
| Nil
|
$125 000 - $499 999.99
| $50 plus 0.45% of value above $125 000
|
$500 000 and above
| $1 737.50 plus 1.5% of value above $500 000
|
Note: where two properties are held by one owner, the assessed land value of each property is aggregated (added together) for each land classification. Land tax is then calculated on the total (aggregated) land value.
Previous rates of land tax
Total Land Value
| Current Tax Scale
|
$0 - $99 999.99
| Nil
|
$100 000 - $499 999.99
| $50 plus 0.45% of value above $100 000
|
$500 000 and above
| $1 850.00 plus 1.5% of value above $500 000
|
Total Land Value
| Current Tax Scale
|
$0 - $49 999.99
| Nil
|
$50 000 - $399 999.99
| $50 plus 0.55% of value above $50 000
|
$400 000 and above
| $1 975.00 plus 1.5% of value above $400 000
|
|
Total Land Value |
Current Tax Scale |
$0 - $24 999
| Nil
|
$25 000 - $349 999
| $50 plus 0.55% of value above $25 000 |
$350 000 and above
| $1 837.50 plus 1.5% of value above $350 000
|
Liability
Taxpayers are required to pay their land tax:
-
by the 'Pay by date' shown on their land tax assessment notice; or
- when their property is sold or transferred. To request a search for the amount to be paid, complete the
Land tax search application.
Land valuations
The Office of the Valuer-General determines assessed land value annually on 1 July.
- For Council districts where a revaluation is undertaken, new land values are determined and a notice of valuation sent to the property owner. The
revaluation schedule is available from the Office of the Valuer-General.
- In Council districts where a revaluation is not undertaken for the year, market based
adjustment factors are applied to land values to determine assessed land value.