Land Tax

Land Tax in different regions of Australia.

Queensland

Land tax in Queensland is imposed under section 6 of the Land Tax Act 2010 (Qld)Section 8(1) of the Taxation Administration Act 2001 (Qld) gives power to the commissioner for the administration and enforcement of the tax laws.

The land tax threshold in Queensland is as follows:

Taxable valueRate of tax 
$0 – $599,999$0 
$600,000 – $999,999$500 plus 1 cent for each $1 more than $600,000 
$1,000,000 – $2,999,999$4,500 plus 1.65 cents for each $1 more than $1,000,000
$3,000,000 – $4,999,999$37,500 plus 1.25 cents for each $1 more than $3,000,000
 $5,000,000 and over$62,500 plus 1.75 cents for each $1 more than $5,000,000 

New South Wales

Land tax in New South Wales is imposed under section 7 of the Land Tax Management Act 1965 (NSW). Under section 8 of the Taxation Administration Act 1996 (NSW) the Chief commissioner has power to make assessments in relation to taxation matters. 

The land tax threshold in New South Wales is as follows:

 Tax YearThreshold  Rate
 2015$432,000  $100 plus 1.6% up to the premium threshold
 2015$2,641,000 $35,444 for the first $2,641,000 then 2% over that 

Victoria

Land tax in Victoria is imposed under section 7 of the Land Tax Act 2005 (Vic). Under section 8 of the Taxation Administration Act 1997 (Vic) the commissioner has general powers to make assessments relating to taxation.

The land tax threshold in Victoria is as follows:

Total taxable value of landholdingsLand tax payable
< $250,000Nil
$250,000 to < $600,000$275 plus 0.2% of amount > $250,000
$600,000 to < $1,000,000$975 plus 0.5% of amount > $600,000
$1,000,000 to < $1,800,000$2,975 plus 0.8% of amount > $1,000,000
$1,800,000 to < $3,000,000$9,375 plus 1.3% of amount > $1,800,000
$3,000,000 and over$24,975 plus 2.25% of amount > $3,000,000

Tasmania

Land tax in Tasmania is imposed under section 10 of the Land Tax Act 2000 (Tas)Section 8 of the Taxation Administration Act 1997 (Tas) gives power to the commissioner to deal with taxation matters.

The land tax threshold in Tasmania is as follows:

 Total Land Value Current Tax Scale
 $0 – $24,999Nil 
 $25,000 – $349,999$50 plus 0.55% of value above $25,000 
 $350,000 and above$1,837.50 plus 1.5% 

South Australia

Land tax in South Australia is imposed under section 4 of the Land Tax Act 1936 (SA)Section 8 of the Taxation Administration Act 1996 (SA) gives the comissioner general power to make assessments of tax liability.

The land tax threshold rates in South Australia are as follows:

Total Taxable Site ValueRate
Up to $316,000Nil
$316,001 – $579,000 $0.50 for every $100 or part of $100 over $316,000 
$579,001 – $842,000 $1,315 plus $1.65 for every $100 or part of $100 over $579,000 
$842,001 – $1,052,000 $5,654.50 plus $2.40 for every $100 or part of $100 over $842,000 
Over $1,052,000$10,694.50 plus $3.70 for every $100 or part of $100 over $1,052,000

Western Australia

Land tax in Western Australia is imposed under section 5 of the Land Tax Assessment Act 2002 (WA)Section 7 of the Taxation Administration Act 2003 (WA) gives power to the commissioner to deal with taxation matters.

The land tax threshold in Western Australia is as follows:

FromUp ToRates 
$0$300,000Nil 
$300,000$1,000,0000.11 cent for each $1 in excess of $300,000
$1,000,000$2,200,000$770 + 0.58 cent for each $1 in excess of $1,000,000 
$2,200,000$5,500,000$7,730 + 1.51 cents for each $1 in excess of $2,200,000
$5,500,000$11,000,000$57,560 + 1.80 cents for each $1 in excess of $5,500,000
$11,000,000and upwards$156,560 + 2.67 cents for each $1 in excess of $11,000,000

Northern Territory

There is no land tax in the Northern Territory.

Australian Capital Territory

On 18 August 2003 the ACT Government decided not to proceed with the introduction of mortgage duty in the ACT.

In the ACT, stamp duty is not imposed on mortgages or the discharge of mortgages where customers are transferring loans to another bank.

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