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Learn what is included in an assessment notice for land tax and surcharge land tax, including how to check the details and disclose any errors to Revenue NSW.
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What is a land tax assessment notice
An assessment notice is a document Revenue NSW sends each year to landowners who may owe land tax or surcharge land tax.
This notice informs an owner of the amount they need to pay and the due date for payment.
We calculate assessments based on the land value of all non-exempt land owned as of midnight 31 December (taxing date).
Tax is charged for the full year following the taxing date.
Land tax assessments are not pro rata. This means your tax is not reduced if you own taxable property for only part of the year. For example, if you sell your taxable property in February, you must still pay tax for the full year.
When to expect an assessment notice
Revenue NSW starts sending assessment notices from January each year.
When you own land with others, Revenue NSW considers you joint owners and you may receive two assessment notices for the same property. As a joint owner you may receive:
an individual assessment, and/or
a separate assessment notice for any jointly owned land.
You will not pay tax twice.
When the average taxable value on your jointly owned land assessment is above the land tax threshold, your individual assessment includes a secondary deduction to reflect land tax paid for the jointly owned land.
A secondary deduction does not apply if the joint owners do not pay land tax.
Revenue NSW may have received information from other government agencies showing you have become liable for land tax and/or surcharge land tax.
Common situations include:
The unimproved land value of your non-exempt property exceeds the general land tax threshold for the first time.
Buying, acquiring or inheriting property with a land value above the land tax threshold.
Purchasing vacant land for construction that may not qualify for an exemption.
Renting out your previous home (principal place of residence).
Earning income from your property during an extended absence.
Owning rural land not used for primary production.
Being a foreign owner who has purchased residential land in NSW, making you liable for surcharge land tax.
Living overseas for more than 165 days in a calendar year (166 days in a leap year) if you are an Australian permanent resident, making you liable for surcharge land tax for foreign persons.
Land tax threshold freeze
From 1 January 2025 land tax thresholds will be fixed. As land values increase more landowners will be liable for land tax for the first time.
