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Land tax rates for individuals

The rates below apply to the total taxable value of land owned at midnight 30 June by an individual or the trustee of a special disability trust.

The taxable value of your land is based on your annual land valuation issued by the Valuer-General.

An individual (a person who usually lives in Australia, including Australian citizens and permanent visa holders living, working or travelling overseas) is liable for land tax if the total taxable value of their land, comprising land owned solely and their share in land owned jointly with others, is $600,000 or more.

There is no separate land tax rate for seniors or pensioners.

If you are a foreign individual, who owns land in Queensland, but does not ordinarily reside in Australia, the absentee land tax rates will apply.

Land owned by superannuation funds is taxed at the rates for companies and trustees.

Rates

Total taxable value

Rate of tax

$0–$599,999

$0

$600,000–$999,999

$500 plus 1 cent for each $1 more than $600,000

$1,000,000–$2,999,999

$4,500 plus 1.65 cents for each $1 more than $1,000,000

$3,000,000–$4,999,999

$37,500 plus 1.25 cents for each $1 more than $3,000,000

$5,000,000–$9,999,999

$62,500 plus 1.75 cents for each $1 more than $5,000,000

$10,000,000 or more

$150,000 plus 2.25 cents for each $1 more than $10,000,000

Example 1

Total taxable value of $680,000 
Tax band is $600,000–$999,999
Tax calculation = $500 + (1 cent × $80,000 excess)
= $500 + $800
Tax payable = $1,300

Example 2

Total taxable value of $6,400,000 
Tax band is $5,000,000–$9,999,999
Tax calculation = $62,500 + (1.75 cents × $1,400,000 excess)
= $62,500 + $24,500
Tax payable = $87,000

More information

Find previous land tax rates.