VIC land tax calculator
Land tax in Victoria on the general rates for individuals, 2024 to 2033 land tax years.Total taxable value of land holdings, from your land tax or valuation notice.
Land tax a year
$4,650
- General land tax
- $4,650
- Of the land value
- 0.46%
General rates for individuals, 2024 to 2033 land tax years. Land tax applies for a calendar year. Trusts, absentee owners and vacant residential land have different rates. Your home is usually exempt. State Revenue Office Victoria issues the actual assessment.
How land tax works in VIC
In Victoria, individuals pay land tax when the total taxable value of their land is $50,000 or more. The top rate is 2.65% above $3,000,000. Your home is usually exempt.
Land tax applies for a calendar year. Trusts, absentee owners and vacant residential land have different rates.
VIC land tax rates
| Taxable land value | Land tax |
|---|---|
| Less than $50,000 | Nil |
| From $50,000 | $500 |
| From $100,000 | $975 |
| From $300,000 | $1,350 plus 0.3% of the value over $300,000 |
| From $600,000 | $2,250 plus 0.6% of the value over $600,000 |
| From $1,000,000 | $4,650 plus 0.9% of the value over $1,000,000 |
| From $1,800,000 | $11,850 plus 1.65% of the value over $1,800,000 |
| From $3,000,000 | $31,650 plus 2.65% of the value over $3,000,000 |
Land tax at common land values
| Land value | Land tax a year | Of the value |
|---|---|---|
| $500,000 | $1,950 | 0.39% |
| $750,000 | $3,150 | 0.42% |
| $1,000,000 | $4,650 | 0.46% |
| $1,500,000 | $9,150 | 0.61% |
| $2,000,000 | $15,150 | 0.76% |
| $3,000,000 | $31,650 | 1.06% |
| $5,000,000 | $84,650 | 1.69% |
Source
Rates from State Revenue Office Victoria. Check your assessment with them, especially for land held in a trust or company, or by a foreign owner.