2013 Land Tax Threshold

The NSW Valuer General has determined that the land tax threshold for the 2013 land tax year is $406,000.

The new value reflects a 2.5% increase on the threshold for the 2012 land tax year which was $396,000.

The threshold for the 2011 land tax year was $387,000.

You may be liable for land tax if you own or part-own:

               vacant land, including vacant rural land

               land where a house, residential unit or flat has been built

               a holiday home

               investment properties

               company title units

               residential, commercial or industrial units, including car spaces

               commercial properties, including factories, shops and warehouses

               land leased from state or local government.

If you have any land tax related queries, Go to http://www.firststateconveyancing.com.au