The general land tax threshold for the year 2020 is $734,000.00.

Whether you need to pay land tax on your property depends on:-

  • The type of property;
  • What the property is used for;
  • The total value you own as at midnight on 31 December each year;
  • Whether you meet the definition of a foreign person.

There are exemptions and concessions where you do not have to pay land tax:-

  • Your principal place of residence;
  • A farm- known as primary production.

You may become liable to pay land tax if:-

  • You own property jointly and it is not your principal place of residence;
  • Vacant land which includes rural land;
  • Holiday home;
  • Investment property;
  • Commercial premises.

It should be noted that land applies regardless of whether income is earned from the property or not.
For further information on land tax contact Revenue NSW at:

https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/land-tax#assessment or contact them on 1300 136 816.

Written by Megan Johnson

Scroll to Top