QLD Land Tax Calculator
This QLD land tax calculator will estimate the amount of land tax you need to pay for your taxable freehold land in QLD.
The QLD land tax is calculated on the total taxable land value of the freehold land you have in QLD. Wonder what are the current QLD land tax rates and thresholds? You can find the current rates and thresholds which are outlined in the Land Tax Threshold QLD table below.
Calculator assumptions
(1) It assumes that all your properties are located in QLD.
(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 QLD land tax?
Only Queensland freehold land owners need to pay the QLD land tax. However, most Queensland land owners are not liable for land tax because the value of their land is not high enough.
If you usually live in Australia, the land tax rates for individuals will apply to the land you own in QLD. As an individual, you are liable for land tax if the total taxable value of your freehold land in QLD, comprising land owned solely and your share in land owned jointly with others, at 30 June is $600,000 or more.
Any land you own as a trustee will be assessed separately. The land tax rates for companies, trustees and absentees will apply. As a trustee, you are liable for land tax if the total taxable value of the freehold land held for that trust is $350,000 or more. When calculating your total taxable value, the government will not add the value of land held for one trust to the value of any other land you hold as (1) trustee of another trust, unless it is a cloned trust and (2) an individual or company.
How is the QLD land tax calculated?
The QLD Land tax is a state tax, calculated on the freehold land you own in Queensland at midnight on 30 June each year. For example, the land tax liability for the 2023-24 financial year was calculated on 30 June 2023.
The QLD land tax is calculated using the appropriate QLD land tax rate and applying this to the total taxable value of your freehold land holdings.
Freehold land in QLD includes:
* vacant land
* land that is built on
* lots in building unit plans
* lots in group title plans
* lots in a timeshare scheme
* lots owned by a home unit company.
Land tax is assessed (or calculated) on the total taxable value of an owner's Queensland freehold land.
The QLD government will add up the taxable value of all land that you own in Queensland at 30 June, excluding land on which you have received an exemption.
Different rates apply depending on this total value and what type of owner you are. You are liable when the total taxable value of your land is:
* $350,000 or more - for companies, trustees or absentees
* $600,000 or more - for individuals.
Land Tax QLD - Rates
Below is the table of QLD Land Tax rates:
| Total taxable value | Land tax rates |
|---|---|
| $0 - $599,999 | $0 |
| $600,000 - $999,999 | $500 plus 1 cent for each $1 more than $600,000 |
| $1,000,000 - $2,999,999 | $4,500 plus 1.65 cents for each $1 more than $1,000,000 |
| $3,000,000 - $4,999,999 | $37,500 plus 1.25 cents for each $1 more than $3,000,000 |
| $5,000,000 - $9,999,999 | $62,500 plus 1.75 cents for each $1 more than $5,000,000 |
| $10,000,000 and over | $150,000 plus 2.25 cents for each $1 more than $10,000,000 |