Land tax
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2008 land tax rates and threshold.
Changes to land tax as part of the 2007 State Budget
The NSW Treasurer, The Hon. Michael Costa, MLC, announced changes to land tax as part of the 2007 Budget. The land tax rate has been reduced from 1.7 per cent to 1.6 per cent from the 2008 land tax year.
What is land tax?
Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. You may be liable for land tax if you own or part-own:
vacant land, including vacant rural land
a holiday home
investment properties
company title units, or
residential, commercial or industrial units.
More information
Last updated: 2008-05-19