The Valuer General supplies land values to the Office of State Revenue (OSR) each year. The OSR uses an average of land values over three years to determine the tax liability for NSW landholders on 31 December each year.
Landholders who are liable to pay land tax are notified of their land value(s) on a land tax assessment from the OSR.
A landholder with one or more parcels of taxable land (such as investment properties, holiday houses or commercial premises), may be liable for land tax if the total value of land exceeds the land tax threshold. The thresholds are published on the land tax page of the OSR website.
A landholder's home (principal place of residence) or land used for primary production is generally exempt from land tax.
Objecting to a land value on your land tax assessment
Landholders have 60 days to request a review of any land value on their land tax assessment from the date it was issued. Land tax clients cannot object to their average land value.
Objections must be based on individual land values that appear on the land tax assessment. Land tax clients may object to any or all land values, on their land tax assessment.
For further information on land tax please contact the OSR on 1300 139 816 or see the land tax page on the OSR website.