Land tax is an annual tax payable by owners of land. Land tax is administered by your state or territory government and is applicable everywhere except for the Northern Territory.
The laws between states are comparable, but there are some variations.
The amount of land tax you pay is determined by the combined unimproved value of taxable property. If your business owns property then it's likely you'll need to pay land tax on it. Make sure you know what your entitlements are, because land owned by some types of organisations can be exempt from land tax.
Your main home (ie permanent residence) is generally exempt from land tax.
What to do...
- Find out about land tax and exemptions in your state or territory (please note - no land tax exists in the Northern Territory).
- Large businesses can stay informed of the latest tax news by subscribing to the Australian Tax Office's Large business bulletin .