The following land tax rates are set out below:
- Current general rates
- Current trust surcharge rates
- 2017 general rates with absentee owner surcharge
- 2016 general rates with absentee owner surcharge
- 2017 trust surcharge rates with absentee owner surcharge
- 2016 trust surcharge rates with absentee owner surcharge
| 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 |
| 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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| 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 |
| 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 |
| 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 |
