Learn what land tax is and who needs to pay it.
On this page
- Land tax basics
- Exemptions from land tax
- Owning land with others
- Assessment notices
- Managing your land tax
- Rates and calculations
Land tax basics
Land tax is an annual tax on the value of land you own in Victoria, excluding exempt land such as your home. The tax helps fund public services and encourages the effective use of land.
If you own other property, as an individual, company or trust, you may need to pay land tax.
Common examples of taxable land include:
- residential investment properties
- commercial or industrial properties
- vacant land
- holiday homes.
From 1 January 2024, land tax applies if the total taxable value of your land holdings is $50,000 or more for individuals, or $25,000 or more for trusts. The Valuer-General provides the site values used for land tax.
Land tax is paid by the owner of the land as at midnight on 31 December of the previous year. If you sell land during the year, you remain responsible for the full year’s land tax.
Exemptions from land tax
Some land is exempt from land tax, such as:
- your home, known as your principal place of residence (PPR)
- your farm, known as primary production land (PPL)
- rooming houses and charitable institutions.
Learn more about land tax exemptions.
Owning land with others
Land can be owned by individuals, companies or trusts or a combination of these. This is known as joint ownership.
Each unique combination of owners is treated as a separate joint ownership and assessed on the land they own together. Each person or organisation in the group may also be assessed on their own if they own other taxable land.
Learn more about companies and trusts owning land.
Assessment notices
Land tax assessments are generally issued between January and June each year. Your notice will show:
- the total taxable value of your land
- any exemptions that apply
- the amount of land tax you need to pay.
Learn how to understand your land tax assessment.
You may see additional surcharges in your assessment if you are an absentee owner or your land is held in trust.
If you notice an error on your land tax assessment, you must let us know. Most updates can be made easily online using My Land Tax. Read how to update or make a change to your assessment.
Managing your land tax
You must notify us of any changes that affect your land tax, such as changing where you live, building or renovating, or starting to lease your home.
You can manage your land tax information quickly and easily in our online portal My Land Tax.
In the portal, you can:
- view and download your land tax assessments (including the last 5 years)
- update property ownership and contact details
- apply for land tax exemptions
- track the progress of your enquiries
- make payments.
To pay in instalments you can set up a payment plan using the Autopay portal.
If you are registered for My Land Tax, simply log in to access your account. New users can follow the steps to register.
You can also link the SRO to your myGov account for easier access and management.
Rates and calculations
Land tax is calculated using a sliding scale based on the total taxable value of your land. You can estimate what you will pay using:
Different rates apply depending on how the land is owned. See the current land tax rates.
