Rates and thresholds

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The Valuer General values all land in NSW annually and provides these values to us for land tax purposes. Values are determined as at 1 July, preceding each land tax year. Visit the Valuer General's website to learn more about how the Valuer General determines the land tax premium rate thresholds.

For 2007 and subsequent tax years, the value used to determine your land tax liability will generally be the average of the land value for the current tax year and the land values for the previous two years. Where a parcel of land was only recently created (e.g. by subdivision or amalgamation) the average value will be based only on the land values for those taxing dates when the newly created land item existed.

For strata units, the land value for each individual strata lot is calculated on a proportional basis using the unit entitlement for each lot and the aggregate for the strata scheme.

You can find out more or request a land valuation brochure and a general valuation sales report by calling the valuation customer service centre toll free on 1800 110 038.

Land tax 2017

Threshold Rate
$549,000 $100 plus 1.6% up to premium threshold.
Premium Threshold Rate
$3,357,000 $45,028 for the first $3,357,000 then 2% over that.

Land tax 2016

Threshold Rate
$482,000 $100 plus 1.6% up to the premium threshold.
Premium Threshold Rate
$2,947,000 $39,540 for the first $2,947,000 then 2% over that.

Land tax 2015

Threshold Rate
$432,000 $100 plus 1.6% up to the premium threshold.
Premium Threshold Rate
$2,641,000 $35,444 for the first $2,641,000 then 2% over that.

Land tax 2014

Threshold Rate
$412,000 $100 plus 1.6% up to the premium threshold.
Premium Threshold Rate
$2,519,000 $33,812 for the first $2,519,000 then 2% over that.

Land tax 2013

Threshold Rate
$406,000 $100 plus 1.6%
Premium Threshold Rate
$2,482,000 $33,316 for the first $2,482,000 then 2% over that.

Land tax 2012

Threshold Rate
$396,000 $100 plus 1.6%
Premium Threshold Rate
$2,421,000 $32,500 for the first $2,421,000 then 2% over that.

Land tax 2011

Threshold Rate
$387,000 $100 plus 1.6%
Premium Threshold Rate
$2,366,000 $31,764 for the first $2,366,000 then 2% over that.

Land tax 2010

Threshold Rate
$376,000 $100 plus 1.6%
Premium Threshold Rate
$2,299,000 $30,868 for the first $2,299,000, then 2% over that.

Land tax 2009

Threshold Rate
$368,000 1.6% + $100
Premium Threshold Rate
$2,250,000 2% for the taxable value above the land tax threshold.

Premium threshold: from the 2009 tax year, a new premium land tax marginal rate of 2% applies on the taxable land value above the premium threshold.

Special trusts and non-concessional companies: there is no threshold in 2009 for non-concessional companies and special trusts. These entities will be taxed at the flat rate of 1.6% on the total value of all the taxable land owned.

Land tax 2008

Threshold Rate
$359,000 1.6% + $100

Special trusts and non-concessional companies: there is no threshold in 2008 for non-concessional companies and special trusts. These entities will be taxed at the flat rate of 1.6% on the total value of all the taxable land owned.

Land tax 2006 and 2007

Tax Year Threshold Rate
2007 $352,000 1.7% + $100
2006 $352,000 1.7% + $100

Special trusts and non-concessional companies: there is no threshold in 2006 for non-concessional companies and special trusts. These entities will be taxed at the flat rate of 1.7% on the total value of all the taxable land owned.

Land tax 2005

There was no threshold for land tax in 2005. Taxable land in 2005 was assessed at the following rates:

Taxable value of land owned Rates of land tax payable
Not more than $400,000 0.4 cents for each $1
More than $400,000 but not more than $500,000 $1,600 plus 0.6 cents for each $1 by which the taxable value exceeds $400,000
More than $500,000 $2,200 plus 1.4 cents for each $1 by which the taxable value exceeds $500,000

Special trusts and non-concessional companies: In 2005 land owned by a trustee of a special trust or a company classified under Section 29 as a non-concessional company was charged at the rate of 1.4 cents for each $1 of the taxable value.

Last updated: 24 April 2017