VIC Land Tax 2025: Thresholds, Owner Types, Surcharges
Victoria land tax 2025: thresholds and rates by owner type, absentee owner surcharge, examples, and calculator.
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Overview
Victoria charges land tax on the total taxable value of land holdings (excluding PPR in most cases). Thresholds and rates vary; absentee owner surcharge may apply. Assessments are based on site value rather than sale price, and holdings are usually aggregated across properties. Owner type (individual vs company/trust) and absentee status can change thresholds or rates.
Because valuations are updated periodically, your liability can change year‑to‑year even without buying or selling property. Review your notices carefully, understand objection rights, and consider how planned acquisitions will affect aggregation across your portfolio.
How VIC Land Tax Works
- Progressive thresholds and rates.
- Owner type and absentee status can change the rate.
Quick Comparison — VIC vs NSW vs QLD (Illustrative)
| State | PPR exemption | Thresholds vary by owner type | Absentee/foreign surcharge |
|---|---|---|---|
| VIC | Yes (generally) | Yes | Absentee owner surcharge |
| NSW | Yes (generally) | Yes | Possible for foreign/absentee |
| QLD | Yes (generally) | Yes | Possible for foreign/absentee |
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Sources
- SRO Victoria — Land tax: https://www.sro.vic.gov.au
- ASIC Moneysmart — Property taxes: https://moneysmart.gov.au
FAQs
Is my principal place of residence exempt?
Generally yes, but confirm current exemptions.
What is the absentee owner surcharge?
An additional percentage for certain absentee owners; check SRO Victoria.
Frequently asked questions
How is VIC land tax calculated?
Taxable land value above the threshold is taxed using progressive rates; surcharges may apply.
Do companies pay a different rate?
Owner type can affect thresholds and rates; check the current SRO Victoria schedule.
How is land value determined?
Based on the site (unimproved) value assessed by the state. This can differ from market price.
Can multiple properties be aggregated?
Yes. Land tax is usually assessed on total taxable landholdings, which can affect thresholds and rates.
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