Understanding Land Tax in NSW: What Property Owners Need to Know
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Heidi Htut
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Once considered just a suburb, Parramatta has transformed into Sydney’s thriving second CBD. With massive investment in infrastructure, culture, and business, it has become one of Australia's most dynamic and exciting places to live, work, and invest.
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.
Learn how the First Home Buyer Grant can help you afford your first home, reduce upfront costs, and navigate the property market.
Your home is your biggest asset, and just like a car, it requires regular maintenance to keep it in top condition and prevent small issues from turning into costly disasters. By tackling a few key tasks each season, you can protect your home’s value and enjoy it for years to come.