Rates and thresholds

Land tax 2017

Tax year Threshold Rate
2017 $549,000 $100 plus 1.6% up to premium threshold.
  Premium Threshold  
  $3,357,000 $45,028 for the first $3,357,000 then 2% over that.

Land tax 2016

Tax Year Threshold Rate

2016

$482,000

$100 plus 1.6% up to the premium threshold.

  Premium Threshold  
 

$2,947,000

$39,540 for the first $2,947,000 then 2% over that.

Land tax 2015

Tax Year Threshold Rate

2015

$432,000

$100 plus 1.6% up to the premium threshold.

  Premium Threshold  
 

$2,641,000

$35,444 for the first $2,641,000 then 2% over that.

Land tax 2014

Tax Year Threshold Rate

2014

$412,000

$100 plus 1.6% up to the premium threshold.

  Premium Threshold  
 

$2,519,000

$33,812 for the first $2,519,000 then 2% over that.

Land tax 2013

Tax Year Threshold Rate

2013

$406,000

$100 plus 1.6%

  Premium Threshold  
 

$2,482,000

$33,316 for the first $2,482,000 then 2% over that.

Land tax 2012

Tax Year Threshold Rate

2012

$396,000

$100 plus 1.6%

  Premium Threshold  
 

$2,421,000

$32,500 for the first $2,421,000 then 2% over that.

Land tax 2011

Tax Year Threshold Rate

2011

$387,000

$100 plus 1.6%

  Premium Threshold  
 

$2,366,000

$31,764 for the first $2,366,000 then 2% over that.

Land tax 2010

Tax Year Threshold Rate

2010

$376,000

$100 plus 1.6%

  Premium Threshold  
 

$2,299,000

$30,868 for the first $2,299,000, then 2% over that.

Land tax 2009

Tax Year Threshold Rate

2009

$368,000

1.6% + $100

  Premium Threshold  
 

$2,250,000

2% for the taxable value above the land tax threshold.

Premium threshold: from the 2009 tax year, a new premium land tax marginal rate of 2% applies on the taxable land value above the premium threshold.

Special trusts and non-concessional companies: there is no threshold in 2009 for non-concessional companies and special trusts. These entities will be taxed at the flat rate of 1.6% on the total value of all the taxable land owned.

Land tax 2008

Tax Year Threshold Rate

2008

$359,000

1.6% + $100

Special trusts and non-concessional companies: there is no threshold in 2008 for non-concessional companies and special trusts. These entities will be taxed at the flat rate of 1.6% on the total value of all the taxable land owned.

Land tax 2006 and 2007

Tax Year Threshold Rate

2007

$352,000

1.7% + $100

2006

$352,000

1.7% + $100

Special trusts and non-concessional companies: there is no threshold in 2006 for non-concessional companies and special trusts. These entities will be taxed at the flat rate of 1.7% on the total value of all the taxable land owned.

Land tax 2005

There was no threshold for land tax in 2005. Taxable land in 2005 was assessed at the following rates:

Taxable value of land owned Rates of land tax payable

Not more than $400,000

0.4 cents for each $1

More than $400,000 but not more than $500,000

$1,600 plus 0.6 cents for each $1 by which the taxable value exceeds $400,000

More than $500,000

$2,200 plus 1.4 cents for each $1 by which the taxable value exceeds $500,000

Special trusts and non-concessional companies: In 2005 land owned by a trustee of a special trust or a company classified under Section 29 as a non-concessional company was charged at the rate of 1.4 cents for each $1 of the taxable value.

Last updated: 5 December 2016