Land tax by the numbers: What investors must know

Land tax by the numbers: What investors must know
Land tax by the numbers: What investors must know

Investors need to know when they will be liable for land tax – and how much it will cost them.

Thresholds differ around the country and are typically changed in state budgets, so all eyes will be on tomorrow’s NSW state budget.

In October land tax reform will be on the agenda at the government’s Canberra tax summit.

According to government figures, land tax contributes 11% to state coffers.

In general property investors are required to pay land tax on the value of their properties above a certain value, except in the Northern Territory, where there is no land tax. Thresholds range from $25,000 to $600,000

The tax can add a significant amount to your investment bill, so knowing when the tax kicks in is crucial.

To help investors Property Observer has compiled this guide of must-know numbers:

 


 

No land tax is payable in the Northern Territory.

 



 

The upper limit for a land tax-exempt property in Queensland, the state where investors can spend the most without having to pay land tax. However for companies, trustees or absentees, the threshold kicks in at $350,000 Click here for more information.

 



 

The land tax threshold in NSW. Click here for more information.

 



 

The land tax threshold in South Australia. Click here for more information.

 


 

The land tax threshold in Western Australia. Click here for more information.

 


 

The land tax threshold in Victoria. Click here for more information.

 


 

The threshold for land tax in the Australian Capital Territory. Click here for more information.

 


 

Property is cheapest in Tasmania, but it also has the lowest threshold for land tax. Click here for more information. 

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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