Land Tax Calculator — VIC
This is a Victorian land tax calculator. Enter the total taxable value of your Victorian landholdings and it returns the estimated annual land tax using the State Revenue Office of Victoria thresholds under the Land Tax Act 2005 (Vic). The principal place of residence is exempt. An absentee owner surcharge and a COVID debt temporary surcharge apply in certain cases.
What this calculator does
Victorian land tax is assessed annually on the total taxable value of all land owned as at 31 December (excluding the principal place of residence and primary production land). The Land Tax Act 2005 (Vic) sets out a general tax-free threshold and progressive rates, with a trust surcharge for non-fixed trusts and an absentee owner surcharge for foreign owners. A temporary COVID debt levy surcharge applies from 2024 to 2033.
Legal basis
Victorian land tax is imposed under the Land Tax Act 2005 (Vic). The principal place of residence exemption is in s 54. The trust surcharge (non-fixed trusts assessed from the first dollar) is in Part 3. The absentee owner surcharge sits in Part 5 (currently 4%). The COVID debt levy surcharge is imposed under the State Taxation Acts Amendment (COVID-19 Debt Repayment) Act 2023 (Vic).
How the calculation works
Apply the SRO Victoria progressive rate schedule under the Land Tax Act 2005 (Vic): nil below the general threshold, then marginal rates rising from 0.2% to 2.25% at the top. Non-fixed trusts are assessed from the first dollar at trust surcharge rates (no threshold). Absentee owners pay a 4% surcharge on the total taxable value of their residential land. Add the COVID debt levy surcharge (0.1% for values above $300,000, 0.25% above $1,800,000) for the 2024–2033 period.
Interactive calculator coming soon
For an individual with $1,000,000 of total taxable land value (PPR excluded), with the general threshold at $300,000, estimated Victorian land tax is approximately $2,975 plus the COVID debt levy.
In the meantime, use the worked example above to validate your figures and confirm the final amount with the relevant revenue office or authority before relying on it in a matter.
Start free trialWhat you fill in
- Total taxable land value (AUD) (currency): Must be a positive number
- Owner type (select): Required
- Principal place of residence excluded? (select): Required
- Primary production exemption applies? (select): Required
Limitations
- General threshold and rates are updated annually by the SRO — confirm current figures
- Does not model the vacant residential land tax (separate 1% levy on vacant inner-city properties)
- Does not handle the windfall gains tax on rezoned land (separate regime)
- Non-fixed trust surcharge interactions with family trusts can be complex — seek advice
- COVID debt levy surcharge runs 2024–2033 and amounts may be adjusted
- Does not calculate the absentee owner surcharge for mixed-ownership structures
What to do next
Register with the SRO as a landowner if you hold Victorian land above the threshold. On settlement of any land sale, a land tax clearance certificate (s 90) is required. Quillio supports conveyancers through the settlement workflow — see /practice-areas/property-lawyers.
Calculator FAQs
Is my principal place of residence taxed?
No — the principal place of residence is exempt under s 54 of the Land Tax Act 2005 (Vic). Conditions on occupancy and use apply.
What are the current thresholds?
The general threshold and rate bands are updated annually by the SRO Victoria. The calculator uses the figures as at the build date — confirm against sro.vic.gov.au for the current assessment year.
What is the absentee owner surcharge?
Under Part 5 of the Land Tax Act 2005 (Vic), absentee owners (foreign persons, foreign corporations, and absentee trusts) pay a 4% surcharge on the taxable value of their residential land, in addition to standard land tax.
What is the COVID debt levy?
The State Taxation Acts Amendment (COVID-19 Debt Repayment) Act 2023 (Vic) imposes a temporary surcharge on landholdings above $300,000 from 2024 to 2033, at 0.1% for $300,000–$1,800,000 and 0.25% above $1,800,000.
How are trusts assessed?
Non-fixed trusts (discretionary trusts) are assessed at trust surcharge rates from the first dollar — there is no tax-free threshold. Fixed trusts can access the general threshold if they meet the requirements in Part 3 of the Act.
What about vacant residential land tax?
The vacant residential land tax is a separate 1% levy on homes in specified inner-city Melbourne areas that are left vacant for more than 6 months. It is not modelled in this calculator.
Is this legal or tax advice?
No — it is an estimator. Confirm with the SRO Victoria or your adviser for assessment figures, particularly for trust and absentee owner structures.
Get help with the matter
For Victorian property lawyers and conveyancers, Quillio handles the workflow around land tax — clearance certificates, settlement adjustments, and vendor disclosure analysis. See /practice-areas/property-lawyers.
This calculator is an estimate only. Victorian land tax thresholds, surcharges, and the COVID debt levy are updated regularly under the Land Tax Act 2005 (Vic). Always confirm with the SRO Victoria or your adviser before relying on the figure.
Quillio handles the next steps.
The calculator gives you the number. Quillio handles the rest of the matter — drafting, review, research, and correspondence. The free trial requires no sales call.
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