General threshold: $100 plus 1.6 per cent of land value above the threshold, up to the premium threshold. · Premium threshold: $88,036 plus 2 per cent of land ... How land tax is assessed · Pay your land tax · Exemptions and concessions · Trusts

Land tax general rates (from 2024 land tax year) ; < $50,000, Nil ; $50,000 to < $100,000, $500 ; $100,000 to < $300,000, $975 ; $300,000 to < $600,000, $1350 plus ...

2024-25 General Rates · Does not exceed $732,000 · Exceeds $732,000 but not $1,176,000. $0.50 for every $100 or part of $100 above $732,000 ; 2023-24 General Rates ...

$7,000,000 (total land value) - $6,571,000 (2024 premium land tax threshold) x 2% (premium land tax rate) + $88,036 (maximum general land tax payable) = $96,616.

From 2024, the land tax threshold has been temporarily lowered to $50,000. The $25,000 threshold for trusts remains unchanged. If the total taxable value of ...

The taxable value of your land is based on your annual land valuation issued by the Valuer-General. You may be eligible for exemptions to reduce your total ...

30 окт. 2024 г. · An additional 3% will apply on top of Stamp Duty Land Tax residential rates if buying a new residential property means you'll own more than one.

30 окт. 2024 г. · Below is a summary of the 2024 Land Tax thresholds for each state as well as some links to each state's website with some additional information ...

Calculated as follows: 800,000 – 732,000 = 68,000; 68,000 / 100 = 680; 680 x $0.50 ... $2,220.00 plus $1.00 for every $100 or part of $100 above $1,176,000.

In NSW, land tax is applied to those who own property with a total taxable value above the applied threshold. Income generated from the land is irrelevant when ...