The rates and thresholds for 2024 land tax year are as follows:

General Threshold:  $1,075,000
Premium Threshold: $6,571,000

General Threshold Rate:
$100 plus 1.6 per cent of land value above the threshold, up to the premium threshold.

Premium Threshold Rate:
$79,396 plus 2 per cent of land value above the threshold (2023 tax year). $88,036 plus 2 per cent of land value above the threshold (2024 tax year).

Written By Megan Johnson

Megan

 

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