Work out Victorian land tax on investment property and other taxable land, at the State Revenue Office's current rates.
Key facts
- Victorian land tax applies once the total taxable site value of your land is $50,000 or more: a flat $500 up to $100,000, then $975 to $300,000.
- From $300,000 it rises in bands to 2.65% of the value over $3,000,000 (2024 to 2033 land tax years).
- It's worked out on the Valuer-General's site value of all your taxable land at midnight on 31 December, for the following calendar year.
- Your home (principal place of residence) and primary production land are generally exempt.
- Trusts pay the trust surcharge rates, and absentee owners pay a surcharge on top.
Land tax by taxable value
| Total taxable value | Individual or company (general rates) | Trust (trust surcharge rates) | Absentee owner | Trust with an absentee beneficiary |
|---|---|---|---|---|
| $50,000 | $500 | $676 | $2,500 | $2,676 |
| $100,000 | $975 | $1,338 | $4,975 | $5,338 |
| $300,000 | $1,350 | $2,238 | $13,350 | $14,238 |
| $600,000 | $2,250 | $4,263 | $26,250 | $28,263 |
| $900,000 | $4,050 | $7,188 | $40,050 | $43,188 |
| $1,500,000 | $9,150 | $14,538 | $69,150 | $74,538 |
| $2,000,000 | $15,150 | $20,577 | $95,150 | $100,577 |
| $3,000,000 | $31,650 | $31,650 | $151,650 | $151,650 |
General rates
| Total taxable value | Land tax |
|---|---|
| $0 to under $50,000 | Nil |
| $50,000 to under $100,000 | $500 |
| $100,000 to under $300,000 | $975 |
| $300,000 to under $600,000 | $1,350 plus 0.3% of the amount over $300,000 |
| $600,000 to under $1,000,000 | $2,250 plus 0.6% of the amount over $600,000 |
| $1,000,000 to under $1,800,000 | $4,650 plus 0.9% of the amount over $1,000,000 |
| $1,800,000 to under $3,000,000 | $11,850 plus 1.65% of the amount over $1,800,000 |
| $3,000,000 and over | $31,650 plus 2.65% of the amount over $3,000,000 |
Trust surcharge rates
| Total taxable value | Land tax |
|---|---|
| $0 to under $25,000 | Nil |
| $25,000 to under $50,000 | $82 plus 0.375% of the amount over $25,000 |
| $50,000 to under $100,000 | $676 plus 0.375% of the amount over $50,000 |
| $100,000 to under $250,000 | $1,338 plus 0.375% of the amount over $100,000 |
| $250,000 to under $600,000 | $1,901 plus 0.675% of the amount over $250,000 |
| $600,000 to under $1,000,000 | $4,263 plus 0.975% of the amount over $600,000 |
| $1,000,000 to under $1,800,000 | $8,163 plus 1.275% of the amount over $1,000,000 |
| $1,800,000 to under $3,000,000 | $18,363 plus 1.1072% of the amount over $1,800,000 |
| $3,000,000 and over | $31,650 plus 2.65% of the amount over $3,000,000 |
Absentee owner rates
| Total taxable value | Land tax |
|---|---|
| $0 to under $50,000 | Nil |
| $50,000 to under $100,000 | $2,500 plus 4% of the amount over $50,000 |
| $100,000 to under $300,000 | $4,975 plus 4% of the amount over $100,000 |
| $300,000 to under $600,000 | $13,350 plus 4.3% of the amount over $300,000 |
| $600,000 to under $1,000,000 | $26,250 plus 4.6% of the amount over $600,000 |
| $1,000,000 to under $1,800,000 | $44,650 plus 4.9% of the amount over $1,000,000 |
| $1,800,000 to under $3,000,000 | $83,850 plus 5.65% of the amount over $1,800,000 |
| $3,000,000 and over | $151,650 plus 6.65% of the amount over $3,000,000 |
Not included: exemptions, the vacant residential land tax and the trust rates' special cases. The SRO's calculator gives the amount for your assessment.
Common questions
What is the land tax threshold in Victoria?
$50,000 of total taxable site value. From $50,000 to under $100,000 the tax is a flat $500; from $100,000 to under $300,000, $975.
How much land tax will I pay in Victoria?
As an individual, $2,250 on $600,000, $4,650 on $1,000,000 and $15,150 on $2,000,000 of taxable land.
Is my home exempt from land tax in Victoria?
Generally yes, your principal place of residence is exempt. Holiday homes and investment properties are taxable.
Why did Victorian land tax go up?
The rates for the 2024 to 2033 land tax years include the COVID Debt Repayment Plan: a flat $500 surcharge from $50,000, $975 from $100,000, and 0.1 percentage points more on the rate from $300,000. It's legislated to apply until 30 June 2033.
See also the NSW and Queensland land tax calculators and the Victorian stamp duty calculator.
Sources: State Revenue Office Victoria, land tax current rates and land tax calculator and COVID Debt Repayment Plan. Checked 22 October 2026. An estimate; the SRO issues your assessment.