Land tax
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
land where a house, residential unit or flat has been built
a holiday home
investment properties
company title units
residential, commercial or industrial units, including car spaces
commercial properties, including factories, shops and warehouses
land leased from state or local government.
Rates and thresholds
2012: The Valuer General has determined that the land tax threshold for the 2012 land tax year is $396,000. The premium land tax threshold for the 2012 land tax year is $2,421,000.
2011: The Valuer General has determined that the land tax threshold for the 2011 land tax year is $387,000. The premium land tax threshold for the 2011 land tax year is $2,366,000.
2010: The Valuer General has determined that the land tax threshold for the 2010 land tax year is $376,000. The premium land tax threshold for the 2010 land tax year is $2,299,000.
Land tax section 12 notice for 2012 published
The notice specifying requirements for the lodgement of land tax returns for the 2012 land tax year has been published in the NSW Government Gazette of 16 December 2011, page 7187.
More information
Online services
