How valuations affect land tax
The Valuer-General, Department of Natural Resources, Mines and Energy (DNRME) provides land valuations for Queensland, which are generally issued during March each year.
In some cases, the Valuer-General may, after consideration of a market survey report and results of consultation with local governments and local/industry groups, decide not to make an annual valuation for land in a local government area. For those areas, the existing valuations continue to be used.
The Office of State Revenue must use the Valuer-General’s land valuations to calculate the taxable value of the freehold land you own in Queensland. But remember—you will only be liable for land tax if the total taxable value of your land on 30 June is over the threshold.
Find out more about annual land valuations.
If you do not agree with your valuation, you can lodge an objection within 60 days of the date the valuation notice was issued. Only the Valuer-General can answer valuation enquiries and review valuation objections.
Land tax applies to the total taxable value of your land. For each parcel of land, this is generally the average of your land valuation for the current tax year and previous two years.
If a parcel of land was only recently created (e.g. by subdivision or amalgamation), we will use the averaging factor to determine the averaged value. Find out more about calculating the taxable value of land.
If you own multiple properties in Queensland, the total taxable value is calculated by combining the taxable value of each property.
Take the total taxable value of your land based on current land valuations and use our estimator to see if you may be liable for land tax in the current financial year.