How is land tax worked out in Victoria?
State Revenue Office Victoria gives these rates for land a person owns in 2026. We read its page on 13 Nov 2026.
| Land value | Land tax |
|---|---|
| Under $50,000 | Land tax None |
| $50,000 to under $100,000 | Land tax $500 |
| $100,000 to under $300,000 | Land tax $975 |
| $300,000 to under $600,000 | Land tax $1,350 plus 0.3% of the amount over $300,000 |
| $600,000 to under $1,000,000 | Land tax $2,250 plus 0.6% of the amount over $600,000 |
| $1,000,000 to under $1,800,000 | Land tax $4,650 plus 0.9% of the amount over $1,000,000 |
| $1,800,000 to under $3,000,000 | Land tax $11,850 plus 1.65% of the amount over $1,800,000 |
| $3,000,000 and over | Land tax $31,650 plus 2.65% of the amount over $3,000,000 |
$1,200,000 of land held on 31 Dec 2025 pays $6,450 of land tax for 2026. On the scale it is $4,650 plus 0.9% of the amount over $1,000,000, $6,450.
More for this state
Stamp duty, investor or home buyer
The duty on a purchase in Victoria.
Stamp duty, first home buyer
The duty on a purchase in Victoria.
Stamp duty, foreign buyer
The duty on a purchase in Victoria.
Rental property tax
The tax a rental adds or saves.
Where the rules come from
By Varun Agarwal. Updated
- Land Tax Act 2005 (Vic) s 36 and Schedule 1 Tables 1.6, 3.6 and 4.5
- SRO, land tax current rates
- SRO, trusts and land tax
- SRO, understanding the absentee owner surcharge
The ATO's figures on what landlords earn and lose, postcode by postcode, are in Rental income, losses and capital gains by postcode, 2023-24.