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Amount of absentee owner surcharge revenue 

Year Number of transactions Revenue ($ million)
2015-16 3245 19.34 
2016-17 3017 72.86
2017-18 2728 100.9
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The absentee owner surcharge is an additional amount payable over the general and trust surcharge rates of land tax. It applies to Victorian land owned by an absentee owner and is calculated on the total taxable value of the land the absentee owner owns.

For the 2016 land tax year, the absentee owner surcharge was 0.5 per cent. From 2017 onwards, the rate is 1.5 per cent.

The Treasurer has published guidelines in the Government Gazette outlining the basis on which exemption decisions are to be made. There are three sets of guidelines, one for exemption applications relating to the 2016 and 2017 land tax years, one for exemption applications relating to the 2018 land tax year, and one for exemption applications relating to the 2019 land tax year and onwards.

Exemptions granted from absentee owner surcharge under section 3B(2) of the Land Tax Act 2005

Period Number of exemptions Value of exemptions ($)
29 June 2015 - 30 November 2015 0 0
1 December 2015 - 31 May 2016 79 11,934,681.88
1 June 2016 - 30 June 2017 281 75,202,574.84
1 July 2017 - 30 June 2018 301 73,667,802.97
1 July 2018-31 December 2018 66 8,943,577.38
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