Land Tax Rates & Thresholds NSW

You can use our Free Online Land Tax Calculator to calculate how much land tax you can expect to pay.

NSW

From the Office of State Revenue NSW (OSR NSW):

What is land tax?

Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. You may be liable for land tax if you own or part-own:

  • vacant land, including vacant rural land
  • land where a house, residential unit or flat has been built
  • a holiday home
  • investment properties
  • company title units
  • residential, commercial or industrial units, including car spaces
  • commercial properties, including factories, shops and warehouses
  • land leased from state or local government.

Rates and thresholds

Land tax is calculated on the combined value of all the taxable land you own above the land tax threshold. The rate of tax is $100 plus 1.6 per cent of the land value between the threshold and the premium rate threshold and 2 per cent thereafter.

If land is owned by a trustee of a special trust the land tax threshold does not apply and land tax will be charged at a flat rate of 1.6% of the taxable land value up to the premium threshold of $2,366,000 and then 2 per cent thereafter.

If the combined value of your land does not exceed the threshold, no land tax is payable.

Land Tax Thresholds and rates for 2013

The land tax threshold for 2013 is $406,000.

A premium land tax marginal rate of 2% applies on the total taxable land value above the premium threshold ($2,519,000).

Land Tax Thresholds and rates for 2012

The land tax threshold for 2012 is $396,000.

A premium land tax marginal rate of 2% applies on the total taxable land value above the premium threshold ($2,482,000).

Source: Office Of State Revenue NSW

Where can I find an estimate of the land value?

Land & Property Information Authority