Land tax threshold and rates for individuals
You are an individual for land tax purposes if you are an Australian citizen, a permanent visa holder, or someone who usually lives in Australia.
Your liability for land tax is based on land you own at midnight 30 June each year.
The land tax rate depends on the type of owner you are.
For land tax, you are an individual if you are one of the following:
- an Australian citizen
- a permanent visa holder
- a person who usually lives in Australia.
Any land you own as a trustee will be assessed separately using the land tax threshold and rates for companies and trustees.
However, any land you own as a trustee of a special disability trust will be assessed using the land tax threshold and rates for individuals.
Threshold
As an individual, you are liable for land tax if the total taxable value of your freehold land—comprising land owned solely and your share in land owned jointly with others—at 30 June is $600,000 or more.
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 taxable value. For example, you may be eligible for a home exemption on land, or part of the land, you use as your home.
Rates
The rates below apply to the total taxable value of land owned at midnight 30 June by an individual or the trustee of a special disability trust.
There is no separate land tax rate for seniors or pensioners.
If you are a foreign individual (who owns land in Queensland) and you do not hold a permanent visa or usually live in Australia, the absentee land tax rates will apply.
Land owned by superannuation funds is taxed at the rates for companies and trustees.
| Total taxable value | Rate of tax |
|---|---|
| $0–$599,999 | $0 |
| $600,000–$999,999 | $500 plus 1 cent for each $1 more than $600,000 |
| $1,000,000–$2,999,999 | $4,500 plus 1.65 cents for each $1 more than $1,000,000 |
| $3,000,000–$4,999,999 | $37,500 plus 1.25 cents for each $1 more than $3,000,000 |
| $5,000,000–$9,999,999 | $62,500 plus 1.75 cents for each $1 more than $5,000,000 |
| $10,000,000 or more | $150,000 plus 2.25 cents for each $1 more than $10,000,000 |
Example 1
Total taxable value of $680,000
Tax band is $600,000–$999,999
Tax calculation = $500 + (1 cent × $80,000 excess)
= $500 + $800
Tax payable = $1,300
Example 2
Total taxable value of $6,400,000
Tax band is $5,000,000–$9,999,999
Tax calculation = $62,500 + (1.75 cents × $1,400,000 excess)
= $62,500 + $24,500
Tax payable = $87,000
Also consider…
- Find previous land tax rates.
- Learn about concessions for build-to-rent (BTR) developments.