What is the Queensland land tax threshold for an individual?

An individual is generally liable if the total taxable value of relevant freehold land at 30 June is $600,000 or more, subject to exemptions.

Is a principal place of residence subject to land tax?

Eligible land used as the owner's home may qualify for an exemption and be excluded from total taxable land.

Is land tax based on the market value of the house?

No. It uses statutory land valuations and does not simply tax the sale price or replacement value of the improvements.

What should I do if QRO sends a land tax notice for my home?

Check the ownership and occupation details, review the assessment and exemption status, and apply or object within the applicable process and time limit if necessary.

Queensland Land Tax Home Exemption and Threshold

A qualifying Queensland home can be excluded from land tax, even where rising land values exceed the general individual threshold. Liability depends on taxable landholdings, ownership, use and the position at midnight on 30 June.

Threshold and valuation

For an individual, the general threshold is total taxable value of $600,000 or more. The calculation aggregates relevant freehold land owned solely and the person’s share of jointly owned land, after available exemptions.

The Valuer-General’s annual valuation is used. The value is not simply the market value of the house and improvements.

Home exemption

An individual may qualify for an exemption for land used as their home. Only one principal place of residence can ordinarily be claimed at the liability date, and business use, letting or living elsewhere can affect eligibility or produce a partial exemption.

Do not ignore Queensland Revenue Office correspondence. Confirm that the ownership and home-use information is correct, and lodge any exemption application or objection within the required time. Tax and transfer-duty consequences should be reviewed before changing ownership.

How Does the Queensland Land Tax Home Exemption Work?

Threshold and valuation

Home exemption

See Also

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