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The following land tax rates are set out below:

 

Calculate land tax

Land tax general rates 2009 - present

Total taxable value of land holdings Land tax payable

< $250,000

Nil

$250,000 to < $600,000

$275 plus 0.2% of amount > $250,000

$600,000 to < $1,000,000

$975 plus 0.5% of amount > $600,000

$1,000,000 to < $1,800,000

$2975 plus 0.8% of amount > $1,000,000

$1,800,000 to < $3,000,000

$9375 plus 1.3% of amount > $1,800,000

$3,000,000 and over

$24,975 plus 2.25% of amount > $3,000,000

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Land tax trust surcharge rates 2009 - present

Total taxable value of land holdings Land tax payable

< $25,000

Nil

$25,000 to < $250,000

$82 plus 0.375% of amount > $25,000

$250,000 to < $600,000

$926 plus 0.575% of amount > $250,000

$600,000 to < $1,000,000

$2938 plus 0.875% of amount > $600,000

$1,000,000 to < $1,800,000

$6438 plus 1.175% of amount > $1,000,000

$1,800,000 to < $3,000,000

$15,838 plus 0.7614%* of amount > $1,800,000

$3,000,000 and over

$24,975 plus 2.25% of amount > $3,000,000

* The surcharge phases out for land holdings in excess of $1.8 million, For land holdings valued at or over $3 million, the surcharge rate is the same as the general rate.

For land holdings with a taxable value not less than $25,000 but less than $1.8 million, the land tax rate for trusts is the surcharge rate of 0.375 per cent plus the general rate.

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Land tax general rates with absentee owner surcharge - 2017

Total taxable value of land holdings Land tax payable

< $250,000

Nil

$250,000 to < $600,000

$4025 plus 1.7% of amount > $250,000

$600,000 to < $1,000,000

$9975 plus 2% of amount > $600,000

$1,000,000 to < $1,800,000

$17,975 plus 2.3% of amount > $1,000,000

$1,800,000 to < $3,000,000

$36,375 plus 2.8% of amount > $1,800,000

$3,000,000 and over

$69,975 plus 3.75% of amount > $3,000,000

Land tax general rates with absentee owner surcharge - 2016

Total taxable value of land holdings Land tax payable

< $250,000

Nil

$250,000 to < $600,000

$1525 plus 0.7% of amount > $250,000

$600,000 to < $1,000,000

$3975 plus 1.0% of amount > $600,000

$1,000,000 to < $1,800,000

$7975 plus 1.3% of amount > $1,000,000

$1,800,000 to < $3,000,000

$18,375 plus 1.8% of amount > $1,800,000

$3,000,000 and over

$39,975 plus 2.75% of amount > $3,000,000

Land tax trust surcharge rates with absentee owner surcharge - 2017

Total taxable value of land holdings Land tax payable

< $25,000

Nil

$25,000 to < $250,000

$457 plus 1.875% of amount > $25,000

$250,000 to < $600,000

$4676 plus 2.075% of amount > $250,000

$600,000 to < $1,000,000

$11,938 plus 2.375% of amount > $600,000

$1,000,000 to < $1,800,000

$21,438 plus 2.675% of amount > $1,000,000

$1,800,000 to < $3,000,000

$42,838 plus 2.2614% of amount > $1,800,000

$3,000,000 and over

$69,975 plus 3.75% of amount > $3,000,000

Land tax trusts surcharge rates with absentee owner surcharge - 2016

Total taxable value of land holdings Land tax payable

< $25,000

Nil

$25,000 to < $250,000

$207 plus 0.875% of amount > $25,000

$250,000 to < $600,000

$2176 plus 1.075% of amount > $250,000

$600,000 to < $1,000,000

$5938 plus 1.375% of amount > $600,000

$1,000,000 to < $1,800,000

$11,438 plus 1.675% of amount > $1,000,000

$1,800,000 to < $3,000,000

$24,838 plus 1.2614% of amount > $1,800,000

$3,000,000 and over

$39,975 plus 2.75% of amount > $3,000,000

See historical rates