How Much Is Land Tax In Victoria?

In Victoria, land tax is paid based on the calendar year and assessed on the value of all property you held on 31 December of the previous year. So, for 2023, the State Revenue Office will take into account all taxable property you owned at midnight on 31 December 2022.

The value of land for the land tax threshold is not the same as the property value. So it doesn’t mean you’ll be immediately liable simply because you own a small investment property. The value that the State Revenue Office will take into account is the council site valuation or the unimproved value of your land.

From the 2020 land tax year, a 2% absentee owner surcharge on land tax applies to Victorian land owned by an absentee owner.

The only exception to this is the vacant residential land tax, which is calculated on the capital improved value of the land – or the value of the land, as well as any buildings or other improvements.

You can pay your land tax by credit card, BPAY View and via Autopay or instalments. If the options of paying at a Branch or in person at Australia Post outlets are listed on your assessment you can also pay by those methods.

We can also arrange payment plans for overdue assessments.

You can view your land tax assessments and land tax liability on the State Revenue Office site, which allows you to manage your land tax information quickly and easily. Register at the State Revenue Office to view and pay assessments, update property ownership information, apply for land tax exemptions, track the progress of enquiries and update your contact details for land tax.