In preparation for the 2023 land tax year, we have provided some key information which may be useful.

The Land Tax Rate 2023

The thresholds for your land values change each year and the tax rate is applied as follows:

• General rate: $100 plus 1.6 per cent of land value above the threshold, up to the premium rate.
• Premium rate: $79,396 plus 2 per cent of land value above the threshold.
• The threshold is published in the Government Gazette in October each year and is applied to land holdings on 31 December each year.
• Land tax is applied for the full year following the taxing date of 31 December, and no pro-rata calculation applies.

Thresholds Tax Year 2023

• General threshold $969,000
• Premium threshold $5,925,000

Early Issue Notice of Assessment

The 2023 Land Tax Notice of Assessments will be sent from Wednesday 4th January 2023 through to mid-February 2023.

You can request an early Issue Notice of Assessment for 2023 if:

• You are settling in the new year during the Christmas shut down period (i.e. your settlement date falls in the first week of January).

NB: You MUST include the settlement date and update your delivery preference to electronic via: Land Tax Online.

If your email address has not been verified, the Notice of Assessment will be issued to your postal address.

• If you are requesting an early issue of your Notice of Assessment and lodging a variation to your land holdings(e.g., change of principal place of residency exemption), you will need to log-in to Land Tax Online, lodge a return and enter the property settlement date.

Section 47 Clearance Certificates

You can request a 2023 Section 47 Clearance Certificate through Client Service Providers (CSPs) from 12th December 2022.

Please ensure requests for a s47 certificate are done once settlement has been scheduled.

Processing timeframes may take up to 10 business days (from the request date).

At settlement, you will need to provide:

• The land tax clearance certificate showing a charge, either a vendor or purchase copy;
• A copy of a Notice of Assessment (if due date has not passed); or
• the Amount to Clear (ATC)/Clearance Quote

The charge on the land will be considered removed upon payment of the amount shown on these documents.

Please note: that a clear certificate does not absolve the seller from any liability or potential future liability (i.e. following compliance) but rather protects the purchaser.

Amount to Clear (ATC) / Clearance Quotes

In Land tax, a Clearance Quote, or an Amount to Clear (ATC) is used to allow you to proceed with a settlement of property when land values are not available, or a Notice of Assessment hasn’t been issued (e.g. as result of new land subdivision).

What information is required for an Amount to clear?

Amount to Clear can only be requested by a Vendor.

If you require an Amount to Clear, you must submit your request via Land Tax Online by lodging a return and providing:

• the first page of the signed exchanged contract of sale
• contact details
• settlement date

Please note: Amount to clear now includes surcharge clearance amount where applicable. Find out more information.