If you own property in New South Wales—or are considering investing—you may have heard of land tax but aren’t quite sure how it works or whether it applies to you.
Land tax is a NSW State Government tax calculated annually on the unimproved value of land (excluding buildings). The good news? Your principal place of residence is generally exempt. Land tax usually applies only once your investment land value exceeds a certain threshold.
Understanding how land tax works is essential, particularly for investors, developers, or anyone building a property portfolio. Let’s break it down.