Who pays Land tax?
Land tax is an annual tax payable by anyone who owns property at 1 July each year, unless the land is:
- classified as the owners’ principal place of residence
- classified as primary production
- used by the owners for religious purposes
- used as a medical establishment
- used principally for Aboriginal cultural activities and is Aboriginal land
- used to operate a retirement village, or for related purposes
Or:
- the owner holds a Pensioner Concession Card at 1 July
- the land is subject to a conservation covenant
- the land is owned by a charitable institution
If a Pensioners’ exemption, or one of the classifications or usages above applies to your land, apply here.
How is Land Tax Calculated?
Land Tax is calculated on the total of the assessed land values of all taxable properties held by the owner at 1 July each year. The rate of land tax increases as the total value of property owned increases.
For land tax purposes, the assessed land value is equal to the Adjusted Land Value, which is determined by the Valuer-General using market-based Adjustment Factors.
Property owners can access the individual Adjustment Factors applied to their property, and the Adjusted Land Value of each property, using the LIST website.
Legislation
Land Tax is administered by the State Revenue Office under the Land Tax Act 2000 and the Taxation Administration Act 1997.
For further information please click on the appropriate link at the right of this page. |  |
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