Estimate annual land tax on Australian investment property by state for 2025-26. Your principal place of residence is generally exempt.
Land tax is an annual state government tax on the unimproved value of land you own, other than your principal place of residence. Thresholds and rates vary significantly by state. Land below the threshold is exempt; above it, a progressive rate applies.
Importantly, land tax applies to the total value of all taxable land you own in a state — multiple investment properties are aggregated. Each additional property can push you into a higher bracket. Some states (NSW, VIC) apply a surcharge for absentee owners or foreign persons.
TAS and NT do not impose state land tax. ACT applies a different system based on average unimproved value over three years.