Land Tax

Published 01 September 2022Updated 24th February 2023

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What is Land Tax?

A land tax is a state tax imposed upon land that’s unimproved and above a certain tax value threshold. Land taxes are levied every year and collected by your state’s government. 

Also called a site-value rating, a site valuation tax, a split rate tax, and a location value tax, land tax does not take buildings into account.

The rate of land tax is broadly determined by the type of ownership and the total taxable value of your land. There may be exemptions; for example, your place of residence or residential property could be exempt from land tax.

FAQs about Land Tax

Do buyers pay land tax?
How is land tax calculated?
When will I get my assessment notice?

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Disclaimer: The views, information, or opinions expressed in this blog post are for general information purposes only and should not be relied upon. We have not taken into account specific situations, facts or circumstances, and no part of this blog post constitutes personal financial, legal, or tax advice to you. You should seek tax advice from your accountant, specific to your situation.

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