Land tax

How do land values affect your land tax? 

Revenue NSW uses land values to calculate land tax. On 31 December each year, Revenue NSW use an average of land values over three years to determine how much tax NSW landholders must pay.

If you are liable to pay, Revenue NSW will give you a land tax assessment that shows the land values it used to calculate your land tax.

What is the Valuer General's role?

The Valuer General gives Revenue NSW land values each year. The Valuer General also calculates the land tax threshold each year and publishes it in the NSW Government Gazette in October. 

Division 4A of the Land Tax Management Act 1956 sets out how the Valuer General must calculate the land tax threshold. Adjustments to the threshold are based on annual movement in the average land values of residential, commercial, business and industrial zoned land in NSW.  

Who has to pay land tax? 

You may be liable to pay land tax if:

  • you own one or more parcels of taxable land, such as investment properties, holiday houses or commercial premises
  • the total value of this land exceeds the current land tax threshold.

You generally do not have to pay land tax on:

  • your principal place of residence
  • land used for primary production. 

If you are a foreign person and own residential land in NSW, you must also pay a land tax surcharge.

For more information on land tax, please:

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