2019 Land Tax Assessments

The Victorian State Revenue Office (SRO) is issuing land tax assessments for the 2019 calendar year. The land tax assessment for 2019 uses the value of your land at 1 January 2018 to calculate the tax.

 It has been reported that assessments are generally listing property values at significantly higher levels than 2018 so you may receive a land tax assessment for the first time because your land's site value has increased past the $250,000 land tax threshold (for trusts, it's $25,000).

If you own land, excluding exempt land such as your home (principal place of residence), as at midnight on 31 December 2018 and the total taxable value of this land is equal to or above the $250,000 threshold you are required to pay land tax and should receive a land tax assessment. Contact the SRO as soon as possible on 13 21 61 to ensure they have a correct record the land(s) you own. Failing to notify within the required time limit of one month is a notification default under the Taxation Administration Act 1997 and you may be liable for penalty tax.

Land owners are encouraged to carefully review their 2019 Land Tax Assessment notices to confirm all the details are correct.