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Rates for companies, trustees and absentees

The rates below apply to the total taxable value of land owned at midnight 30 June by a company, trustee or absentee.

The taxable value of your land is based on your annual land valuation issued by the Department of Natural Resources, Mines and Energy.

A company, trustee or absentee (a person who does not ordinarily reside in Australia) is liable for land tax if the total taxable value of their land, comprising land solely owned and their share in land owned jointly with others, is $350,000 or more.

If you are considered an absentee at 30 June 2017 and for following years, a surcharge will apply to the taxable value of your land.

This is how the surcharge is calculated:

(Taxable value - $349,999) × 1.5%

If you are a person who usually resides in Australia, the land tax rate for individuals will apply.

Total taxable value

Rate of tax

$0–$349,999

$0

$350,000–$2,249,999

$1,450 plus 1.7 cents for each $1 more than $350,000

$2,250,000–$4,999,999

$33,750 plus 1.5 cents for each $1 more than $2,250,000

$5,000,000–$9,999,999

$75,000 plus 2.0 cents for each $1 more than $5,000,000

$10,000,000 or more

$175,000 plus 2.5 cents for each $1 more than $10,000,000

Example 1

Total taxable value of $680,000 
Tax band is $350,000–$2,249,999.
Tax calculation = $1,450 + (1.7 cents × $330,000 excess)
= $1,450 + $5,610
Tax payable = $7,060

Example 2

Total taxable value of $6,400,000
Tax band is $5,000,000 and over.
Tax calculation = $75,000 + (2.0 cents × $1,400,000 excess)
= $75,000 + $28,000
Tax payable =  $103,000

Example 3

Total taxable value of $400,000
Tax band is $350,000–$2,249,999.
Tax calculation = $1,450 + (1.7 cents × $50,000 excess)
= $2,300
Add 1.5% absentee surcharge = $750
Tax payable = $3,050

More information

Find previous land tax rates.