Land tax in Australia is assessed and collected annually (quarterly in the ACT) based on the value of land, and is levied by all states and territories except the Northern Territory.
The taxing regimes are set on a state-by-state basis, and although broadly similar, they differ in matters of:
- the taxing date
- valuation methods
- the ownership entity (e.g. individual as opposed to corporate or trust ownership)
- tax rates and thresholds
Typically one principal place of residence is exempt from land tax, as are charities, other non-profit entities and disability trusts.
Land tax is generally assessed to the owner, based on ownership of the land within the state or territory as at a specific point of time, which is the taxing date.
State-By-State Land Tax Information
|New South Wales||31 December|
|South Australia||30 June|
|Western Australia||30 June|
|Tasmania||1 July (previous year)|
|Australian Capital Territory||Quarterly on each of 1 July, 1 October, 1 January and 1 April|
|Northern Territory||No land tax|
Other Land Tax Resources
COVID-19: land tax relief – Greenwoods & Herbert Smith Freehills
How Does Land Tax Apply to Discretionary Trusts? – Coleman Greig
This page was last modified 2021-06-30