Whether you need to pay land tax on your property depends on:
If you need to pay land tax, you’ll have to register with us first.
In general, you do not have to pay land tax on:
Read more about land tax exemptions and concessions.
Land tax applies to other property you own if the total taxable value of your land is above the land tax threshold. You may have to pay land tax if you own, or jointly own:
Land tax applies regardless of whether income is earned from the land.
Land tax is calculated on the total value of all your taxable land above the land tax threshold.
The threshold for the land value changes each year and is applied as follows.
|Year||General threshold||Premium threshold|
You pay tax based on the combined value of all taxable land you own, not on each individual property. If the combined value of your land does not exceed the threshold, no land tax is payable.
If the value is above the land tax threshold, you will only need to pay tax for the amount over the threshold, plus a base tax of $100.
Your liability for each year is based on the value of all property you owned on 31 December in the previous year. Any changes to the land you own in the current year will only affect how much you pay next year.
If the ownership of any of your land changes, you’ll need to notify us using Land tax online.
(A minus B) multiplied by C plus D = Land tax payable.
(A minus B) multiplied by C plus D = Total premium land tax payable.
A multiplied by B = total special trust land tax payable.
Note: A premium land tax marginal rate of 2% applies for special trusts on the total taxable land value above $4,231,000.
The Valuer General determines the value of all land in NSW annually.
|Year||Your land value|
($830,000 + $910,000 + $930,000)/3 |
Your average land value for land tax purposes in 2019 is $890,000.
Find out more about the method for valuing land.
Residential land includes any of the following.
|Parcel of land||On which there are one or more dwellings, or a parcel of land on which there is a building under construction that, when completed, will constitute one or more dwellings.|
|Strata lot||If it is lawfully occupied as a separate dwelling, or suitable for lawful occupation as a separate dwelling.|
|Utility lot||If its use is restricted to the owner or occupier of a strata lot.|
|Land use entitlement||If it entitles the holder of the land use entitlement to occupy a building, or part of a building, as a separate dwelling e.g. company title and residential flats.|
|Parcel of vacant land||Zoned or otherwise designated for use for residential or principally for residential purposes.|
Residential land does not include land used for primary production that is exempt from land tax.
The surcharge applies if a building has both residential and commercial purposes. In this case, an apportionment factor is used to apportion the land value.