VIC Land Tax Calculator 2025
Calculate your annual Victorian land tax liability. Updated with 2025–26 rates. Tax-free threshold: $300,000.
How Victorian Land Tax Works
Land tax in Victoria is administered by the State Revenue Office Victoria (SRO). It is an annual tax on the unimproved value of land you own that is not exempt — primarily investment properties, holiday homes, and vacant land. With a threshold of just $300,000, Victoria captures a larger proportion of investors than most other states.
Victoria assesses land tax based on ownership at midnight on 31 December each year. The SRO uses land valuations provided by the Valuer-General Victoria, which are updated periodically and may differ from your property's market value.
VIC Land Tax Rates 2025–26
- $0 – $300,000: Nil (tax-free threshold)
- $300,001 – $600,000: $375 + 0.2% of amount over $300,000
- $600,001 – $1,000,000: $975 + 0.5% of amount over $600,000
- $1,000,001 – $1,800,000: $2,975 + 0.8% of amount over $1,000,000
- Above $1,800,000: $9,375 + 1.3% of amount over $1,800,000
Principal Residence Exemption
Your principal place of residence is exempt from Victorian land tax. You must be an individual (not a company), and the property must be your main and primary home. The SRO automatically applies this exemption if you are recorded as an owner-occupier, but you should verify this on your assessment notice and update the SRO if your situation changes.
Trust Surcharge
Victoria applies an additional 0.5% surcharge on discretionary (family) trusts that own taxable land. The threshold for trusts is much lower at $25,000. This makes holding Victorian investment property in a family trust significantly more expensive and is a key consideration for property investors using trust structures.
Absentee Owner Surcharge
A further surcharge of 4% applies to absentee owners — foreign nationals or companies controlled by foreign nationals — who own residential land in Victoria. This is in addition to the standard land tax rates.