NSW Land Tax Calculator
This NSW land tax calculator will estimate the amount of land tax you need to pay for your taxable properties in NSW.
The NSW land tax is calculated on the combined taxable land value of the properties you have in NSW. Wonder what are current NSW land tax rates and thresholds? You can find current rates and thresholds which are outlined in Land Tax Threshold NSW table below.
Please note that from the 2017 land tax year onwards if you are a foreign person who owns residential land in NSW, you must pay a surcharge of 0.75 per cent.
Calculator assumptions:
(1) It assumes that all your properties are located in NSW.
(2) It does not factor in any exemptions, concessions, or discount from the government.
(3) Rounding: The land tax is rounded to at least the nearer cent.
Who needs to pay the NSW land tax?
You may need to pay land tax if you own, or jointly own, any property in NSW that is not your principal place of residence (your home) or other exempt land as at midnight on 31 December and the total taxable value of your land is greater than the land tax threshold.
How is the NSW land tax calculated?
The NSW land tax is a tax levied on the owners of land in New South Wales (NSW) as at midnight on the 31 December of each year. Land tax applies to land that is not your principal place of residence (your home) or other exempt land regardless of whether income is earned from the land.
You may have to pay land tax on:
* vacant land, including vacant rural land
* land where a house, residential unit or flat has been built
* a holiday home
* an investment property or 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.
The NSW land tax is calculated using the appropriate NSW land tax rate on the total value of all your taxable land above the land tax threshold. The amount of tax paid is $100 and 1.6 per cent of the land value between the threshold and the premium rate threshold and 2 per cent thereafter.
How is the value of your land determined?
The NSW government uses land values supplied by the Valuer General, who values your land as at the 1 July. They use the valuation for the year before the tax year, for example, the 2015 value is used for the 2016 tax year.
To determine the taxable value of your land, the NSW government will add the land value for the current tax year and the land values for the previous two tax years, then calculate the average. When a parcel of land has been created less than three years ago – for example, through a subdivision or amalgamation – the NSW government only considers the years after it was created. For strata unit valuations, the land value for each individual strata lot is calculated on a proportional basis, using the unit entitlement for each lot and the aggregate for the strata scheme.
Land Tax NSW - Rates
Below is the table of NSW Land Tax rates:
| Taxable land value | Land tax rates |
|---|---|
| $0 - $1,075,000 | Nil |
| $1,075,000 - $6,571,000 | $100 plus 1.6% up to premium threshold of $6,571,000 |
| over $6,571,000 | $88,036 for the first $6,571,000 then 2% over that. |
| Foreign person land tax surcharge is 2% of the taxable value of residential land. | |
NSW Foreign Person Land Tax Surcharge
If you are a foreign person who owns residential land in NSW, you must pay a surcharge of 0.75 per cent for the 2017 land tax year and two per cent from the 2018 land tax year onwards.
You are required to pay the surcharge on the taxable value of all residential land that you own as at 31 December each year including your principal place of residence.
The surcharge is in addition to any land tax you may already pay. You may be required to pay the surcharge even if you do not pay land tax.
You may be a foreign person if you are not an Australian citizen.
Australian citizens are not foreign persons, regardless of where they live. Permanent residents of Australia are not foreign persons so long as they are ordinarily resident in Australia.
The surcharge is assessed in relation to each parcel of land, and is proportional to ownership. There are no joint assessments and secondary deductions do not apply. There is no tax-free threshold applicable to the surcharge.