Land tax is an annual tax on land. It is assessed on the total
unimproved value of all land held by the owner (or owners) at
midnight on 30 June.
The Office of State Revenue have begun issuing land tax
assessments for the 2015-16 financial year and expects the majority
of these assessments to be issued by mid-January 2016.
There are a number of exemptions available including the
following:
Primary residence exemption
an exemption is available if private residential property
(except property held in trust) is owned by an individual who uses
it as their primary residence.
A full exemption is also available if the property is owned by a
husband and wife or de facto partners, at least one of whom used
the property as their primary residence.
