Free calculator · Victoria
Land tax in Victoria starts above $50,000 of combined land value for an individual. On $1,000,000 of investment land it is about $4,650 a year. Enter your own land value to see yours.
Land Tax Calculator VIC
Estimate the annual land tax on your investment properties in NSW, VIC, QLD, WA, SA and TAS using the current state rate scales.
Inputs
Results
Land tax
$4,050
Total per year
$4,050
Per month
$338
Per week
$78
Effective rate on land value
0.45%
- Trusts are assessed on a different scale starting at $25,000 (not included).
- The absentee owner surcharge and Vacant Residential Land Tax are not included.
- Victoria uses the Valuer-General site value as at 31 December of the previous year.
Rates: 2024 land tax year onwards. Source: Victoria revenue office. Estimate only, check your assessment notice.
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VIC land tax on common land values
Individual owner, combined taxable land value. 2024 land tax year onwards rates.
| Land value | Per year | Per month | Effective rate |
|---|---|---|---|
| $300,000 | $975 | $81 | 0.33% |
| $500,000 | $1,950 | $163 | 0.39% |
| $750,000 | $3,150 | $263 | 0.42% |
| $1,000,000 | $4,650 | $388 | 0.47% |
| $1,500,000 | $9,150 | $763 | 0.61% |
| $2,000,000 | $15,150 | $1,263 | 0.76% |
| $3,000,000 | $31,650 | $2,638 | 1.06% |
VIC land tax rate scale
Tax is the base amount plus the rate on the value above the start of the band.
| Land value band | Base amount | Rate on value above band start |
|---|---|---|
| $50,000 to $100,000 | $500 | 0% |
| $100,000 to $300,000 | $975 | 0% |
| $300,000 to $600,000 | $1,350 | 0.3% |
| $600,000 to $1,000,000 | $2,250 | 0.6% |
| $1,000,000 to $1,800,000 | $4,650 | 0.9% |
| $1,800,000 to $3,000,000 | $11,850 | 1.65% |
| $3,000,000 and above | $31,650 | 2.65% |
How VIC compares with other states
On $1,000,000 of land, VIC ranks 5 of 6 for land tax among the states with a published scale (1 is lowest) at $4,650. The lowest is New South Wales at $0 and the highest is Tasmania at $9,238. Land values and exemptions differ between states, so the real gap depends on your property.
Questions about VIC land tax
How much is land tax on $1,000,000 of land in Victoria?
For an individual owner, land tax on a combined land value of $1,000,000 in Victoria is about $4,650 a year, or $388 a month. That is an effective rate of 0.47% of the land value.
What is the land tax threshold in VIC?
Under the 2024 land tax year onwards scale, no land tax is payable at or below $50,000 of combined taxable land value for an individual owner.
Is land tax charged on my home in VIC?
Your principal place of residence is normally exempt, so land tax mostly applies to investment properties, holiday homes and vacant land. Exemptions have conditions, so check with the State Revenue Office Victoria.
Is land tax tax-deductible for investors?
Land tax paid on a rental property is generally a deductible expense against the rental income. It still reduces your cash flow in the year you pay it, so include it when you budget.
- Trusts are assessed on a different scale starting at $25,000 (not included).
- The absentee owner surcharge and Vacant Residential Land Tax are not included.
- Victoria uses the Valuer-General site value as at 31 December of the previous year.
Rates: 2024 land tax year onwards. Source: official VIC revenue office page. This is an estimate, not advice. Check your assessment notice.
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