Land Tax Calculator

What is land tax and how is it calculated? 

Land Tax is an annual tax which is based on the aggregated taxable value of ALL land you owned (excluding exempt land) at midnight on 30 June before the year of assessment.

For example, the owner of land at 30 June 2010 is assessed in respect of the 2010-11 financial year (year of assessment).

Land tax and MRIT are calculated on the aggregated taxable value of ALL taxable property held in the same ownership (excluding exempt land) at midnight on 30 June.

For example, if you owned two taxable properties with taxable values of  $200,000 and $300,000 respectively, the tax is assessed on $500,000 at the rates shown in the rates table.