Land tax in Victoria on $1,000,000 of land owned by an individual is $4,650 a year, on the VIC revenue office's 2026 land tax year rates. A company pays $4,650 and a family trust $8,163 on the same land. The calculator below works it out for any land value in VIC.
Rates as at NSW, Victoria, Queensland, South Australia, Western Australia, Tasmania and the ACT read on 22 October 2026 (the 2026 land tax year in NSW and Victoria, 2026/27 elsewhere); the Northern Territory has no land tax
Presm's Land Tax Calculator on each revenue office's published rates. Estimates only: exemptions and concessions beyond these boxes are not checked here. The VIC revenue office
What an individual, a company, a family trust and a foreign individual pay a year in Victoria at seven land values. Every figure is worked out by the calculator above.
| Land value | Individual | Company | Family trust | Foreign individual, with surcharge |
|---|---|---|---|---|
| $500,000 | $1,950 | $1,950 | $3,588.50 | $21,950 |
| $750,000 | $3,150 | $3,150 | $5,725.50 | $33,150 |
| $1,000,000 | $4,650 | $4,650 | $8,163 | $44,650 |
| $1,500,000 | $9,150 | $9,150 | $14,538 | $69,150 |
| $2,000,000 | $15,150 | $15,150 | $20,577.40 | $95,150 |
| $3,000,000 | $31,650 | $31,650 | $31,650 | $151,650 |
| $5,000,000 | $84,650 | $84,650 | $84,650 | $284,650 |
Presm's Land Tax Calculator, the VIC revenue office's 2026 land tax year rates. Land value: all the taxable land the owner holds in the state, not the home they live in. Family trust: a discretionary trust. Estimates only.
| Held by | Land tax a year |
|---|---|
| Your own name | $4,650 |
| A family trust | $8,163 |
| A company | $4,650 |
On $1,000,000 of land in Victoria, a family trust pays $3,513 more a year than your own name, and a company pays the same as your own name. The Entity Land Tax Simulator compares all seven ways to hold land, in every state.
A foreign owner of land in Victoria pays a surcharge on top of land tax. On $1,000,000 of land the calculator works it out like this; an Australian resident individual pays $4,650.
| Land tax | $4,650 |
|---|---|
| Foreign owner surcharge | $40,000 |
| Total a year | $44,650 |
Source: State Revenue Office Victoria: land tax current rates, read 22 Oct 2026. Presm's Land Tax Calculator; estimates only.
Victoria taxes the land value of what an owner holds above a threshold, on its own scale; some owners have a scale of their own. These are the scales as the calculator applies them, then the calculator's own notes.
| Land value | Land tax a year |
|---|---|
| $0 to $49,999 | Nil (below the threshold) |
| $50,000 to $99,999 | $500 |
| $100,000 to $299,999 | $975 |
| $300,000 to $599,999 | $1,350 plus 0.3% of the value above $300,000 |
| $600,000 to $999,999 | $2,250 plus 0.6% of the value above $600,000 |
| $1,000,000 to $1,799,999 | $4,650 plus 0.9% of the value above $1,000,000 |
| $1,800,000 to $2,999,999 | $11,850 plus 1.65% of the value above $1,800,000 |
| $3,000,000 and over | $31,650 plus 2.65% of the value above $3,000,000 |
| Land value | Land tax a year |
|---|---|
| $0 to $24,999 | Nil (below the threshold) |
| $25,000 to $49,999 | $82 plus 0.375% of the value above $25,000 |
| $50,000 to $99,999 | $676 plus 0.375% of the value above $50,000 |
| $100,000 to $249,999 | $1,338 plus 0.375% of the value above $100,000 |
| $250,000 to $599,999 | $1,901 plus 0.675% of the value above $250,000 |
| $600,000 to $999,999 | $4,263 plus 0.975% of the value above $600,000 |
| $1,000,000 to $1,799,999 | $8,163 plus 1.275% of the value above $1,000,000 |
| $1,800,000 to $2,999,999 | $18,363 plus 1.1072% of the value above $1,800,000 |
| $3,000,000 and over | $31,650 plus 2.65% of the value above $3,000,000 |
The VIC revenue office · Stamp duty in VIC
Land tax comes every year, on everything you own in a state. Presm puts it beside the rest of each property's costs: what it costs you each week, what it does to your portfolio, and what the next one would change.
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