Land tax (New South Wales)
An annual tax imposed by Revenue NSW on the unimproved value of land owned in New South Wales above a threshold, with the principal place of residence generally exempt.
Land tax in New South Wales is assessed each year on 31 December by Revenue NSW, using the land values provided by the Valuer General. It applies to the aggregate taxable value of all land owned by a taxpayer in the state, with a tax-free threshold and a premium threshold that attract different rates.
The principal place of residence is generally exempt, as is land used primarily for primary production. Investment properties, holiday homes, and vacant land are typically liable, as is land held through discretionary trusts, which can be subject to a surcharge.
Foreign persons who own residential property in New South Wales may also be liable for a separate surcharge land tax in addition to the standard land tax. Thresholds and rates change annually — always verify the current numbers directly on Revenue NSW before relying on them.
Primary source
Revenue NSW — Land tax →Last reviewed 15 April 2026. Rates, thresholds, and deadlines change — always verify against the primary source before making decisions.