02/09/2026
Own a rental, a holiday home or a vacant block in Victoria? You may be paying land tax for the first time even if the value of the land is low. π’
Land tax is an annual tax on land you own in Victoria, based on the unimproved value of the land β not the buildings on it. Your own home is exempt.
From 2024 the tax-free threshold dropped to $50,000 of land value, and $25,000 for land held in trust. It was previously $250,000. That means even a small block of land or a parking spot can now trigger an assessment.
If you own more than one property, the site values are added together.
Assessment notices usually arrive between January and May. If yours doesn't look right, you have the right to object. βοΈ
Read the full guide π
https://buff.ly/BUAMv5W