The first of the 2018 land tax assessments will soon be distributed, with more to come over the next couple of months.
If you own property in Victoria, paying land tax depends on the land you own, what it is used for, and its total value. You pay land tax if the total value of all taxable land you own is $250,000 or more. Taxable land doesn’t include exempt land, such as your principal place of residence. If you are an absentee owner you will have to pay a surcharge.
Learn more about 2018 land tax assessments, including:
- Understanding your 2018 land tax assessment – video
- Understanding your assessment – webpage
- How to amend errors or omissions on your assessment
- Exemptions from land tax
- Joint ownership
- Absentee owners
- Paying land tax for the first time
- Calculating land tax