Land tax is a state-based tax imposed on the ownership of land in Australia. It is calculated on the total unimproved value of taxable land that an individual or entity owns as of a specific date, usually at the end of the financial year. Each state and territory in Australia administers its own land tax system, meaning that rates, exemptions, and thresholds vary depending on location.
Dates: 1 January 2024 to 31 December 2024
Source: Revenue NSW
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $1,075,000 | Nil |
| $1,075,000 to < $6,571,000 | $100 + 1.6% of amount > $1,075,000 |
| $6,571,000 and over | $89,324 + 2% of amount > $6,571,000 |
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $1,075,000 | Nil |
| $1,075,000 to < $6,571,000 | $100 + 1.6% of amount > $1,075,000 + 4% surcharge |
| $6,571,000 and over | $89,324 + 2% of amount > $6,571,000 + 4% surcharge |
Dates: Below rates apply to 2024–2033 land tax years
Source: State Revenue Office Victoria
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $50,000 | Nil |
| $50,000 to < $100,000 | $500 |
| $100,000 to < $300,000 | $975 |
| $300,000 to < $600,000 | $1,350 + 0.3% of amount > $300,000 |
| $600,000 to < $1,000,000 | $2,250 + 0.6% of amount > $600,000 |
| $1,000,000 to < $1,800,000 | $4,650 + 0.9% of amount > $1,000,000 |
| $1,800,000 to < $3,000,000 | $11,850 + 1.65% of amount > $1,800,000 |
| $3,000,000 and over | $31,650 + 2.65% of amount > $3,000,000 |
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $50,000 | Nil |
| $50,000 to < $100,000 | $2500 + 4% of amount > $50,000 |
| $100,000 to < $300,000 | $4975 + 4% of amount > $100,000 |
| $300,000 to < $600,000 | $13,350 + 4.3% of amount > $300,000 |
| $600,000 to < $1,000,000 | $26,250 + 4.6% of amount > $600,000 |
| $1,000,000 to < $1,800,000 | $44,650 + 4.9% of amount > $1,000,000 |
| $1,800,000 to < $3,000,000 | $83,850 + 5.65% of amount > $1,800,000 |
| $3,000,000 and over | $151,650 + 6.65% of amount > $3,000,000 |
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $25,000 | Nil |
| $25,000 to < $50,000 | $82 + 0.375% of amount > $25,000 |
| $50,000 to < $100,000 | $676 + 0.375% of amount > $50,000 |
| $100,000 to < $250,000 | $1,338 + 0.375% of amount > $100,000 |
| $250,000 to < $600,000 | $1,901 + 0.675% of amount > $250,000 |
| $600,000 to < $1,000,000 | $4,263 + 0.975% of amount > $600,000 |
| $1,000,000 to < $1,800,000 | $8,163 + 1.275% of amount > $1,000,000 |
| $1,800,000 to < $3,000,000 | $18,363 + 1.1072% of amount > $1,800,000 |
| $3,000,000 and over | $31,650 + 2.65% of amount > $3,000,000 |
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $25,000 | Nil |
| $25,000 to < $50,000 | $1,082 + 4.375% of amount > $25,000 |
| $50,000 to < $100,000 | $2,676 + 4.375% of amount > $50,000 |
| $100,000 to < $250,000 | $5,338 + 4.375% of amount > $100,000 |
| $250,000 to < $600,000 | $11,901 + 4.675% of amount > $250,000 |
| $600,000 to < $1,000,000 | $28,263 + 4.975% of amount > $600,000 |
| $1,000,000 to < $1,800,000 | $48,163 + 5.275% of amount > $1,000,000 |
| $1,800,000 to < $3,000,000 | $90,363 + 5.1072% of amount > $1,800,000 |
| $3,000,000 and over | $151,650 + 6.65% of amount > $3,000,000 |
Dates: Current at 2025
Source: Queensland Government Revenue Office
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $600,000 | Nil |
| $600,000 to < $1,000,000 | $500 + 1% of amount > $600,000 |
| $1,000,000 to < $3,000,000 | $4,500 + 1.65% of amount > $1,000,000 |
| $3,000,000 to < $5,000,000 | $37,500 + 1.25% of amount > $3,000,000 |
| $5,000,000 to < $10,000,000 | $62,500 + 1.75% of amount > $5,000,000 |
| $10,000,000 and over | $150,000 + 2.25% of amount > $10,000,000 |
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $600,000 | Nil |
| $600,000 to < $1,000,000 | $500 + 1% of amount > $600,000 |
| $1,000,000 to < $3,000,000 | $4,500 + 1.65% of amount > $1,000,000 |
| $3,000,000 to < $5,000,000 | $37,500 + 1.25% of amount > $3,000,000 |
| $5,000,000 to < $10,000,000 | $62,500 + 1.75% of amount > $5,000,000 |
| $10,000,000 and over | $150,000 + 2.25% of amount > $10,000,000 |
Foreign owners are subject to an additional 3% surcharge on taxable land valued at $350,000 or more.
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $350,000 | Nil |
| $350,000 to < $2,250,000 | $1,450 + 1.7% of amount > $350,000 |
| $2,250,000 to < $5,000,000 | $33,750 + 1.5% of amount > $2,250,000 |
| $5,000,000 to < $10,000,000 | $75,000 + 2.25% of amount > $5,000,000 |
| $10,000,000 and over | $187,500 + 2.75% of amount > $10,000,000 |
| Total Taxable Value | Land Tax Payable |
|---|---|
| < $350,000 | Nil |
| $350,000 to < $2,250,000 | $1,450 + 1.7% of amount > $350,000 |
| $2,250,000 to < $5,000,000 | $33,750 + 1.5% of amount > $2,250,000 |
| $5,000,000 to < $10,000,000 | $75,000 + 2.25% of amount > $5,000,000 |
| $10,000,000 and over | $187,500 + 2.75% of amount > $10,000,000 |
Foreign trusts and companies are subject to an additional 3% surcharge on taxable land valued at $350,000 or more.
Dates: Below rates apply from the WA Land Tax Act 2002
Source: WA Government
| Aggregated Taxable Value of Land | Rate of Land Tax |
|---|---|
| $0 - $300,000 | Nil |
| $300,001 - $420,000 | Flat $300 |
| $420,000 - $1,000,000 | $300 + 0.25% of amount > $420,000 |
| $1,000,000 - $1,800,000 | $1,750 + 0.90% of amount > $1,000,000 |
| $1,800,000 - $5,000,000 | $8,950 + 1.80% of amount > $1,800,000 |
| $5,000,000 - $11,000,000 | $66,550 + 2.00% of amount > $5,000,000 |
| $11,000,000+ | $186,550 + 2.67% of amount > $11,000,000 |
MRIT is imposed on property in the Perth metropolitan region with a Land Tax liability and is calculated at a rate of 0.14 cents for every dollar of aggregated value in excess of $300,000.
Dates: Current as at 2024-25 tax year
Source: Revenue SA
| Total Taxable Site Value | Amount of Tax |
|---|---|
| Does not exceed $732,000 | Nil |
| Exceeds $732,000 but not $1,176,000 | $0.50 for every $100 or part of $100 above $732,000 |
| Exceeds $1,176,000 but not $1,711,000 | $2,220 plus $1.00 for every $100 or part of $100 above $1,176,000 |
| Exceeds $1,711,000 but not $2,738,000 | $7,570 plus $2.00 for every $100 or part of $100 above $1,711,000 |
| Exceeds $2,738,000 | $28,110 plus $2.40 for every $100 or part of $100 above $2,738,000 |
| Total Taxable Site Value | Amount of Tax |
|---|---|
| Does not exceed $25,000 | Nil |
| Exceeds $25,000 but not $732,000 | $125 plus $0.50 for every $100 or part of $100 above $25,000 |
| Exceeds $732,000 but not $1,176,000 | $3,660 plus $1.00 for every $100 or part of $100 above $732,000 |
| Exceeds $1,176,000 but not $1,711,000 | $8,100 plus $1.50 for every $100 or part of $100 above $1,176,000 |
| Exceeds $1,711,000 but not $2,738,000 | $16,125 plus $2.40 for every $100 or part of $100 above $1,711,000 |
| Exceeds $2,738,000 | $40,773 plus $2.40 for every $100 or part of $100 above $2,738,000 |
Land tax rates and policies can change annually. It is essential to stay informed about any updates that may affect your property tax obligations. We recommend checking with your state’s revenue office or consulting a tax professional to ensure compliance with current regulations.
Use our Land Tax Calculator today to estimate your liability and make informed decisions about your property investments in Australia.