What is Land Tax?
Land tax is an annual state tax on the unimproved value of land owned (excluding buildings). It's not on your principal residence but applies to investment, commercial, or vacant land. Thresholds vary by state—payable if total land value exceeds them.
Land tax rates overview across Australian states for 2025.
Exemptions can save property owners significant amounts.
Rates & Thresholds in VIC & QLD (2025)
- Victoria: Threshold $300,000 (general); $25,000 for trusts. Rates start at 0.2% above threshold, up to 2.65% for high values.
- Queensland: Threshold $600,000 (general); $350,000 for absentee owners. Rates from 1% above threshold to 2.75% for over $10M.
- Joint owners: Taxed on share; aggregated for multiple properties.
- Exemptions: Principal residence, primary production land (farms), charitable uses.
Victorian land tax calculator example for 2025.
QLD land tax thresholds and rates infographic.
Minimisation Strategies
Exemptions: Claim for primary residences or rural land—apply annually if needed.
Valuations: Object to land valuations if inaccurate.
Trusts: Consider fixed trusts for lower thresholds in VIC.
Investment properties often trigger land tax—plan ahead.
Expert Conveyancing & Tax Advice
During property purchases or transfers, understand land tax implications early. A conveyancer assesses ownership structures and exemptions to minimise future liabilities.
For fixed-fee conveyancing in Victoria and Queensland—including advice on land tax for residential, investment, and rural properties—consider First Class Legal. They help optimise your tax position.
Professional review ensures tax-efficient property decisions.