Yearly state land tax on investment and commercial land in Victoria and Tasmania.
State
Site value
What counts
Add the land value (not the property price) of every investment, holiday and commercial property you own. Your home is exempt. Victoria assesses the land you own at midnight on 31 December for the following year.
Victoria land tax per year
$3,450
- Tax-free threshold
- $50,000
- Effective rate
- 0.43%
- How it is worked out
- $2,250 plus 0.6% of the value over $600,000
If your land holdings change
- $400,000$1,650
- $600,000$2,250
- $800,000$3,450
- $1,200,000$6,450
- $1,600,000$10,050
Trusts and absentee owners pay a surcharge, and vacant residential land can attract vacant land tax. These are not included.
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
How the land tax figures are worked out
- 01
Add the land value, not the property price, of every investment, holiday and commercial property you own.
- 02
Your home is exempt. Victoria and Tasmania each apply their own tax-free threshold and bands.
- 03
Trust and absentee owner surcharges are not included.
Calculator results are indicative estimates only and do not constitute a finance quote, offer, approval or financial advice. Actual repayments, rates, fees and loan terms depend on the lender, product and individual circumstances.
- Stamp dutyLand transfer duty in Victoria and Tasmania, with first home buyer and principal residence concessions.
- Property buying costsSee what buying will cost you on top of the purchase price.
- Property selling costsFind out how much it will cost to sell your property and see where to save.
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