There is no land tax in the Northern Territory.
On 7 May 2019 the 2019-20 budget contains a proposal for a property activation levy to apply to vacant land and unoccupied buildings in the Darwin CBD.
Key points about the levy include:
- the levy applies from 1 July 2019
- the amount of the levy is
- 1% of the unimproved capital value for vacant buildings; and
- 2% for vacant land
For further information see Northern Territory Budget Papers 2019-20.
This page was last modified 2019-05-10