New land tax thresholds for NSW
Posted 20 Jan 16
Did you know that the land tax thresholds have been increased for 2016?
If you own property in NSW, other than your home, there is a good chance you are liable to pay land tax.
What are the new rates?
Land tax threshold
The standard land tax threshold has been increased from $432,000 to $482,000 with the tax rate maintained at $100 plus 1.6%.
The Premium threshold has also been increased from $2,641,000 to $2,947,000 for 2016. The Premium tax rate has increased to $39,540 plus 2%.
Unsure if the property you own is eligible for land tax? Contact us today to make sure you are covered.
Click here for further information about land tax from the Office of State Revenue.