Queensland land tax rates
| Total taxable land value | Land tax |
|---|---|
| Under $600,000 | Nil |
| $600,000 to $999,999 | $500 plus 1c for each $1 over $600,000 |
| $1,000,000 to $2,999,999 | $4,500 plus 1.65c for each $1 over $1,000,000 |
| $3,000,000 to $4,999,999 | $37,500 plus 1.25c for each $1 over $3,000,000 |
| $5,000,000 to $9,999,999 | $62,500 plus 1.75c for each $1 over $5,000,000 |
| $10,000,000 and over | $150,000 plus 2.25c for each $1 over $10,000,000 |
How Queensland land tax works
Queensland land tax is based on the land you own at midnight on 30 June each year. Individuals have a tax-free threshold of $600,000. Companies and trusts have a lower threshold of $350,000 and different rates.
Absentee owners (people who don't normally live in Australia) and foreign companies and trusts pay an additional surcharge. Check the Queensland Revenue Office for the current rate.
Queensland land tax at common land values
| Land value | Land tax per year | Per month |
|---|---|---|
| $400,000 | $0 | $0 |
| $600,000 | $500 | $42 |
| $800,000 | $2,500 | $208 |
| $1,000,000 | $4,500 | $375 |
| $1,500,000 | $12,750 | $1,062 |
| $2,000,000 | $21,000 | $1,750 |
| $3,000,000 | $37,500 | $3,125 |
Individual owner, general rates.
What's exempt
- Your home: your principal place of residence is exempt in every state.
- Primary production land used for farming is usually exempt.
- Other exemptions can apply to some retirement villages, charities and new build-to-rent developments.
Land tax is a deductible expense for a rental property. See how it affects your costs with the mortgage calculator, and check Queensland stamp duty before you buy.
Common questions
What is the land tax threshold in Queensland?
$600,000 for individuals and $350,000 for companies and trusts.
How much land tax do I pay on $800,000 in Queensland?
$500 plus 1 cent for each dollar over $600,000, which is $2,500 a year.
When is Queensland land tax assessed?
On the land you own at midnight on 30 June each year.
Land tax in other states
Estimates for general information only. Your assessment notice is final. Source: Queensland Revenue Office, land tax rates for individuals.