What is land tax?

Information on NSW Land Tax available from: www.osr.nsw.gov.au/taxes/land.

Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. You may be liable for land tax if you own or part-own:

• vacant land, including vacant rural land
• a holiday home
• investment properties
• company title units, or
• residential, commercial or industrial units

2008 land tax rates and threshold

• Averaging land values
• Rates and thresholds

Boarding House land tax exemption

Where at least 80% of accommodation available to boarding house residents are occupied by long term residents and fall within the tariff criteria, then an application can be made for a land tax exemption on the property. If less than 80% fall under this criteria then a pro-rata application can be made.

For full details go to the Office of State Revenue website www.osr.nsw.gov.au or phone 1300 139 816.