Terms and conditions. This calculator can only be used for reference purposes. While the State Revenue Office makes every attempt to ensure the accuracy and reliability of the automatic calculations provided in this service, you will acknowledge that there may be instances where the State Revenue Office is required to recalculate the figures submitted for assessment.
If you are buying or selling a property , a land tax clearance certificate tells you if land tax is owed on the property. Let’s say your total taxable value was $650- you would be in the $600- $000bracket. In this bracket, you would pay $9on the first $600of taxable value.
On the remaining $500 you would pay 0. The base tax is added to this amount to. The State Revenue Office acknowledges Aboriginal and Torres Strait Islander people as the Traditional Custodians of the land and acknowledges and pays respect to their Elders, past and present. What is Vic land tax? How much is land tax in Victoria? The VIC land tax is calculated using the appropriate VIC land tax rate and applying this to the total taxable value of your land holdings (excluding exempt land such as your home).
The total taxable value of your land holdings is based on the site value determined by your council or the Valuer-General every two years. (more…)