land tax

Mindful that successful investment is about maximising returns and minimising exposure and cost, the various states Land Tax thresholds play an often overlooked part, in investment property decision making.

Land tax is assessed on the sum total of an individuals land holdings in any given state. (EG if you owned two taxable properties in a given state with taxable values of $200,000 and $300,000 respectively, the tax is assessed on $500,000 at the rate shown in the table below.)

2019 - Current State by State Land Tax Thresholds Table.
Separate land tax rates may apply for Trusts. Absentee owner surcharges may applicable & Exemptions may apply
(Accurate at time of publishing)

 

State  NSW
Threshold  $692,000
Rate  $100 plus 1.6% up to the premium threshold of $4,231,000
Land Tax  http://www.osr.nsw.gov.au/taxes/land/rate
   
State  VIC
Threshold  $250,000
Rate  $275 plus 0.2% of amount > $250,000 to $600,000
Land Tax  http://www.sro.vic.gov.au/ltxcurrentrates
   
State  QLD 
Threshold  $599,999
Rate  $500 plus 1 cent for each $1 more than $600,000 - $999,999
Land Tax   https://www.qld.gov.au/environment/land/tax/calculation/
   
State  WA
Threshold  $300,000
Rate  Flat rate $300 from $301,000 > $420,000
Land Tax  http://www.finance.wa.gov.au/cms/State_Revenue/Land_Tax
   
State  SA
Threshold  $369,000 
Rate   $0.50 for every $100 or part of $100 over $369,000 > $677,000
Land Tax  https://www.revenuesa.sa.gov.au/taxes-and-duties/land-tax/
   
State  NT
Threshold  NIL
Rate  There is no land tax in the NT.
Land Tax  https://nt.gov.au/property/land/land-taxes

 

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