Land tax adjustment at settlement
How the daily share of land tax gets worked out when buyer and seller adjust it at settlement, and which states let contracts handle it.
| State or territory | Threshold | Land tax year |
|---|---|---|
| New South Wales | $1,075,000 | 2026 land tax year |
| Victoria | $50,000 | 2026 land tax year |
| Queensland | $600,000 | 2026-27 |
| Western Australia | $300,000 | 2026-27 |
| South Australia | $936,000 | 2026-27 |
| Tasmania | $125,000 | 2026-27 |
| Australian Capital Territory | No threshold | 2026-27 |
| Northern Territory | No land tax | No land tax |
Sources: Revenue NSW, State Revenue Office Victoria, Queensland Revenue Office, RevenueWA, RevenueSA, State Revenue Office Tasmania, ACT Revenue Office, Territory Revenue Office.
Each revenue office
| State or territory | Official page |
|---|---|
| New South Wales | Revenue NSW: land tax thresholds and rates |
| Victoria | State Revenue Office Victoria: land tax current rates |
| Queensland | Queensland Revenue Office: land tax rates for individuals |
| Western Australia | RevenueWA: land tax assessment |
| South Australia | RevenueSA: land tax rates and thresholds |
| Tasmania | State Revenue Office Tasmania: rates of land tax |
| Australian Capital Territory | ACT Revenue Office: land tax calculation method |
| Northern Territory | NT Government: land taxes |