Understanding Land Tax in NSW: What Property Owners Need to Know
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Heidi Htut
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In Sydney’s competitive rental market, finding your perfect new home is only half the battle. The other half is making sure your application stands out from the crowd. Property managers are looking for reliable, long-term tenants, and a well-prepared application can make all the difference.
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.