Your home is exempt from VIC land tax
The most important rule first: land tax does not apply to the home you live in. Victoria exempts your principal place of residence. So if the only land you own in VIC is the home you live in, you almost certainly pay no land tax at all. Land tax is an annual state tax aimed at investment properties, holiday homes, second properties and vacant land. Toggle to “My home” in the calculator above and it returns nil, because that is what the exemption does.
VIC land tax thresholds and rates 2026
In Victoria, land tax starts once your total taxable land value passes $50,000. Below that you pay nil; above it you pay tax only on the value over the threshold. On $700,000 of taxable land, the annual figure is $2,850. The calculator above applies the current scale for you.
| Taxable land value | Land tax |
|---|---|
| Under $50,000 | Nil |
| $50,000 to $100,000 | $500 |
| $100,000 to $300,000 | $975 |
| $300,000 to $600,000 | $1,350 plus 0.3% over $300,000 |
| $600,000 to $1,000,000 | $2,250 plus 0.6% over $600,000 |
| $1,000,000 to $1,800,000 | $4,650 plus 0.9% over $1,000,000 |
| $1,800,000 to $3,000,000 | $11,850 plus 1.65% over $1,800,000 |
| $3,000,000 and above | $31,650 plus 2.65% over $3,000,000 |
Victoria has the lowest threshold in the country at $50,000, so many owners of a single investment property pay some land tax. These general rates for the 2024 to 2033 years include the temporary COVID debt levy amounts at the lower bands. Trusts and absentee owners face separate, higher rates.
How land tax is calculated in VIC
Land tax is charged on the total taxable land value you own in Victoria, measured by the unimproved value of the land rather than the price you paid or the buildings on it. If you own more than one taxable property in the state, their land values are added together, which is called aggregation. VIC then applies the threshold and scale above. Foreign and absentee owners, and land held in trusts or companies, face separate thresholds and surcharges this calculator does not cover, so treat those as out of scope and get advice.
Frequently asked questions
Own land in another state? Use the all-states land tax calculator to compare thresholds and rates across NSW, VIC, QLD, WA, SA, TAS and the ACT.
Related tools
Other states
Simon is the founder of Orbit Money, a tool that helps people track subscriptions and recurring spend. He builds Orbit's free money calculators and writes about personal finance for Australian and UK readers.
More from Simon →