Land Tax

An annual state tax on the unimproved land value of property you own above a threshold (your home is usually exempt).

Land tax is an annual tax levied by each state and territory (except the NT) on land you own above a state-specific threshold. Your principal place of residence is exempt in every state. Investment properties, holiday homes and commercial property are typically taxable. Thresholds vary widely — NSW exempts the first $1,075,000 of land value (2026); VIC has no tax-free threshold for trusts; QLD has a sliding-scale rate based on total taxable land holdings.