Estimate land tax on the taxable value of land you hold in Victoria. Your principal place of residence is generally exempt.
Use this calculator to estimate annual land tax on the taxable value of land you hold in Victoria.
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Land tax is an annual Victorian state tax on the total taxable value of the land you own, assessed by the State Revenue Office. It is charged on the site value (the unimproved land value, not the house price), aggregated across everything you hold in Victoria, using progressive rates that step up as holdings grow.
Because holdings are aggregated, several smaller properties can be taxed together as one larger total, which is why an investor with a portfolio can face a higher band than any single property would attract on its own.
| Total taxable value | Land tax |
|---|---|
| Less than $50,000 | Nil |
| $50,000 to $99,999 | $500 |
| $100,000 to $299,999 | $975 |
| $300,000 to $599,999 | $1,350 + 0.3% of the amount over $300,000 |
| $600,000 to $999,999 | $2,250 + 0.6% of the amount over $600,000 |
| $1,000,000 to $1,799,999 | $4,650 + 0.9% of the amount over $1,000,000 |
| $1,800,000 to $2,999,999 | $11,850 + 1.65% of the amount over $1,800,000 |
| $3,000,000 and over | $31,650 + 2.65% of the amount over $3,000,000 |
These are the general rates. Land held in some trusts is taxed on a separate surcharge schedule, and absentee owners pay an additional surcharge, neither of which this calculator covers.
The reason many homeowners never think about land tax is the principal place of residence exemption. Land you own and occupy as your home is generally exempt. The tax's centre of gravity is investment property, holiday houses, commercial land, and vacant land, holdings that are not anyone's principal residence.
Even exempt buyers encounter land tax during a transaction. It appears in the Section 32 outgoings where it applies to the vendor's holding, in the settlement adjustments where the contract decides whether it is apportioned, and in the clearance certificate your conveyancer obtains between contract and settlement so the vendor's unpaid land tax does not follow the property to you.
Land tax is paid by owners of taxable land in Victoria whose total holdings sit above the tax-free threshold (currently $50,000 of taxable value for general owners). Your principal place of residence is generally exempt, so most owner-occupiers pay nothing. Land tax mainly affects investment properties, holiday houses, commercial land, and vacant land.
Land tax is calculated on the total taxable value of all the Victorian land you own, based on the site value (the unimproved land value, not the house price). The values are added together, and a progressive rate is applied that steps up as holdings grow. Because holdings are aggregated, owning several properties can push you into a higher band than any single property would.
Land you own and occupy as your principal place of residence is generally exempt from land tax. This is why most people who own only their own home never receive a land tax assessment. Eligibility depends on your circumstances (trusts, absences, partial rentals, and moving-in timing all have specific rules), so confirm your position with the State Revenue Office or your accountant.
Land tax is assessed on a snapshot basis: whoever owns the land at midnight on 31 December is assessed for the following calendar year. This timing matters for settlements near the new year, because a few days either side of 31 December can change who is liable for a whole year of land tax on an investment purchase.
General information only. This calculator provides an estimate based on the general Victorian State Revenue Office land tax rates, verified July 2026. Rates, thresholds, and exemption eligibility are subject to change, and trust, absentee, and vacant residential land tax rules are not covered. This is not financial or legal advice. Verify your position with the State Revenue Office or your accountant before making any financial decisions.
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