Property investing
Land tax in Victoria
The Victoria land tax threshold, the full rate scale, and worked examples for an investor, checked against the State Revenue Office (SRO)'s own figures.
Key points
- Threshold: $50,000 of total taxable land value for an individual.
- On $800,000 of taxable land an individual pays $3,450 a year at general rates.
- Your own home is generally exempt; an investment property is not.
- Land tax is charged every year you hold the land, not once like stamp duty.
Victoria land tax at a glance
Land tax applies once the total taxable value of the land you own in Victoria reaches $50,000. Your home is generally exempt; the tax falls on land that isn't your home, such as an investment property. The top rate is 2.65% of the value above $3,000,000. (State Revenue Office Victoria, verified 16 Sep 2026)
These rates apply to the 2026 land tax year; the same scale runs from 2024 to 2033. Land tax is charged every year you own the land, so on an investment property it is a holding cost, not a one-off cost like stamp duty.
Victoria land tax rates
| Total taxable value | Land tax for the year |
|---|---|
| Under $50,000 | Nil |
| $50,000 to under $100,000 | $500 flat |
| $100,000 to under $300,000 | $975 flat |
| $300,000 to under $600,000 | $1,350 + 0.3% of the value above $300,000 |
| $600,000 to under $1,000,000 | $2,250 + 0.6% of the value above $600,000 |
| $1,000,000 to under $1,800,000 | $4,650 + 0.9% of the value above $1,000,000 |
| $1,800,000 to under $3,000,000 | $11,850 + 1.65% of the value above $1,800,000 |
| $3,000,000 and over | $31,650 + 2.65% of the value above $3,000,000 |
Source: the State Revenue Office (SRO) (State Revenue Office Victoria, verified 16 Sep 2026) (Parliament of Victoria, verified 18 Sep 2026) (Parliament of Victoria, verified 16 Sep 2026).
Worked examples
One owner, Australian resident, general rates, at a total taxable value of $500,000, $800,000, $1,200,000 and $2,000,000. The value is the figure after exemptions and the state's own valuation rules, not the price you paid.
| Total taxable value | Land tax | Working |
|---|---|---|
| $500,000 | $1,950 | $1,350 + 0.3% of the $200,000 above $300,000 = $1,950 |
| $800,000 | $3,450 | $2,250 + 0.6% of the $200,000 above $600,000 = $3,450 |
| $1,200,000 | $6,450 | $4,650 + 0.9% of the $200,000 above $1,000,000 = $6,450 |
| $2,000,000 | $15,150 | $11,850 + 1.65% of the $200,000 above $1,800,000 = $15,150 |
The same $800,000, owned differently
| Owner | Land tax |
|---|---|
| An individual (general rates) | $3,450 (State Revenue Office Victoria, verified 16 Sep 2026) |
| Land held in a trust | $6,213 (State Revenue Office Victoria, verified 16 Sep 2026) |
| An absentee owner (rates including the surcharge) | $35,450 (State Revenue Office Victoria, verified 16 Sep 2026) |
How the value is worked out
SRO Victoria taxes the site value of all your taxable land at midnight on 31 December of the year before, as set by the Valuer-General. (State Revenue Office Victoria, verified 16 Sep 2026) The rate is applied once to the total, not property by property. (Parliament of Victoria, verified 18 Sep 2026) This scale, with its $50,000 threshold, applies only to the 2024 to 2033 land tax years; from 2034 the Act returns to a $300,000 threshold. (Parliament of Victoria, verified 16 Sep 2026)
Your home
A principal place of residence is generally exempt, with conditions that differ by state. (State Revenue Office Victoria, verified 8 Aug 2026) Read the exemption rules on the revenue office's own page before relying on one, especially for a home that is partly rented, owned with others or held in a trust or company.
Foreign owners, trusts and companies
Land held on trust is taxed on a separate trust surcharge scale that starts at $25,000 instead of $50,000. (State Revenue Office Victoria, verified 16 Sep 2026) An absentee owner pays the absentee owner surcharge scale, which works out to 4% of the taxable value on top of general land tax. (State Revenue Office Victoria, verified 16 Sep 2026) Victoria also has a separate vacant residential land tax, covered in vacant land tax and short-stay levies.
For every state side by side, see land tax by state; for surcharges and trusts across all states, see land tax for investors.
Common questions
What is the Victorian land tax threshold in 2026?
$50,000 of total taxable site value for an individual or company. Between $50,000 and $100,000 the tax is a flat $500, and between $100,000 and $300,000 a flat $975.
Does the Victorian $50,000 threshold last forever?
No. It applies to the 2024 to 2033 land tax years. From 2034 the Act returns to a $300,000 threshold.
Practical checklist
Before you budget for land tax in Victoria
- Add up the taxable value of all the land you already own in Victoria, not just the new property
- Check whether the property, or the buyer, is a trust, company or foreign person: the rates differ
- Check the principal place of residence conditions if any part of the home will be rented
- Confirm the figure with the State Revenue Office (SRO)'s own calculator or assessment before relying on it
Questions for a professional
- What will my total taxable land value in Victoria be once this property is added?
- Does my ownership structure (individual, joint, trust or company) change the rate I pay?
- Do any exemptions or concessions apply to this land?
Official resources
- SRO Victoria: Land tax (current rates)
- SRO Victoria: Absentee owner surcharge
- SRO Victoria: Land tax calculator
Important limitations: General information only, not tax or financial advice, and not a statement of your own land tax. The worked examples use the published rate scale on a single taxable value; your assessment depends on all the land you own, exemptions, ownership shares and the valuation the revenue office uses. Amounts are shown to the cent; the revenue office's own notice decides the amount payable.
Sources and methodology
- Land tax (current rates) | State Revenue Office — State Revenue Office Victoria (retrieved 16 Sep 2026). Licence: CC BY 4.0
- Land Tax Act 2005 (Vic) — authorised version 086 (in force 1 May 2026) — Parliament of Victoria (retrieved 16 Sep 2026). Licence: Victorian legislation — free reuse per legislation.vic.gov.au copyright notice
- Example of land tax calculation | State Revenue Office — State Revenue Office Victoria (retrieved 16 Sep 2026). Licence: CC BY 4.0
- Vacant residential land tax (current rates) | State Revenue Office — State Revenue Office Victoria (retrieved 16 Sep 2026). Licence: CC BY 4.0
- Land tax current rates | State Revenue Office Victoria — State Revenue Office Victoria (retrieved 8 Aug 2026). Licence: CC BY 4.0
Figures on this page are drawn from Delora's local knowledge graph, refreshed from these primary sources and checked for changes on a regular schedule. If a figure here looks out of date, the official source above is always the authority — please let us know.
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