Paying land tax in Victoria
If you own property, either individually or with others, you may have to pay land tax. This could include property such as holiday homes, investment properties, commercial properties, vacant land. If your home is the only property you own you will not pay land tax because your home is exempt.
In Victoria, you pay land tax if the total taxable value of all the Victorian land you own, as at 31 December, is $250,000 or above (excluding exempt land). The rate of tax you need to pay will depend on the total taxable value of all your taxable land.
Your 2021 land tax liability is determined by the site value (prepared by the local council of your property area) of all taxable land you owned on 31 December 2020.
For more information on Victorian land tax rules and find out what applies to you, please visit the Victorian State Revenue Office website here.
Land tax in other States and Territories
Land tax regulations vary across each State and Territory in Australia and different rules apply. For more details on land tax in each state, please visit the links below:
New South Wales – https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/land-tax
Queensland – https://www.qld.gov.au/environment/land/tax
South Australia – https://www.revenuesa.sa.gov.au/landtax
Western Australian – https://www.wa.gov.au/organisation/department-of-finance/land-tax
Tasmania – https://www.sro.tas.gov.au/land-tax
