Land Tax Queensland

Land tax on freehold land in the state of Qld.

Update 12 June 2017: Qld State Budget 2017-18: From 1 July 2017 a 1.5% land tax surcharge will be applied to absentee payers of land tax on land holdings of $350,000 or higher.

Taxing time and date

Midnight, 30 June

Corporate entities and trusts

Companies, trustees and absentees are taxed at a higher rate, with a lower tax-free threshold.

For determination of residence/absentee status for land tax assessment purposes, see the notes here.

Exemptions and concessions

Exemptions are available (all subject to specific conditions) for

  • principal place of residence (including individuals and trust beneficiaries but not absentees; includes transfers up to 12 months before 30 June)
  • primary production activities,
  • non-profits, clubs and charities,
  • caravan parks, aged care and supported living accommodation.

Land tax rates

The taxable value for a financial year is the lesser of the value on the taxing date or the average of the current year plus the past 2 years. Values are determined by the Valuer-General, notified in an annual land valuation notice.

Land tax rates for resident /non-absentee individuals
FromToRate
$0$599,999nil
$600,000$999,999$500 plus 1.0% of the excess over $600,000
$1,000,000$2,999,999$4,500 plus 1.65% of the excess over $1,000,000
$3,000,000$4,999,000$37,500 plus 1.25% of the excess over $3,000,000
$5,000,000 and over$62,500 plus 1.75% of the excess over $5,000,000

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Companies, trustees and absentees

An absentee individual is a person who does not ordinarily reside in Australia.
From 1 July 2017 a 1.5% land tax surcharge will be applied to absentee payers of land tax on land holdings of $350,000 or higher in addition to the following land tax rates. Absentee surcharge is payable on the excess value over $350,000.

Rates for companies, trustees and absentees 
FromToRate before absentee surcharge
$0$349,999nil
$350,000$2,249,999$1,450 plus 1.7% of the excess over $350,000
$2,250,000$4,999,999$33,750 plus 1.5% of the excess over $2,250,000
$5,000,000 and over$75,000 plus 2.0% of the excess over $5,000,000

Increase in the highest tier of land tax by 0.5% for aggregated holdings above $10 million

From 1 July 2018, the following increased rates will apply to the portion of the taxable value (assessed at midnight on 30 June) of the aggregated taxable landholdings which exceeds $10 million:

  • individuals – 2.25%; and
  • companies, trustees and absentees – 2.5%.

Objections

A land tax assessment objection must be lodged 60 days of the date of issue of the assessment notice, which is extendable with the Commissioner’s approval. See Lodging an objection.

More detailed information

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This page was last modified 2018-06-28