Land Tax in Victoria: Lee Property Valuers Can Help

In Victoria, land tax assessments are issued annually by the State Revenue Office (SRO) between January and June. If you own an investment property, holiday home, commercial property, or vacant land, you may be liable to pay land tax. This guide explains how land tax works and how Lee Property Valuers can assist with your property valuation needs.

What is Land Tax?

Land tax is a yearly tax based on the total taxable land value of all properties you own in Victoria, excluding exempt land such as your principal place of residence (PPR).

The tax is calculated using site values determined by the Valuer-General Victoria for all taxable land owned as of midnight on December 31 of the previous year.

You may be liable for land tax if you own, individually or jointly:

  • Investment properties, including residential rental properties
  • Commercial properties, such as retail shops, office spaces, and factories
  • Holiday homes
  • Vacant land

How a Property Valuer Can Assist with Your Land Tax Assessment

Many property owners dispute their land tax assessment because they believe their property has been overvalued. Since land tax is based on the assessed land value, an incorrect valuation can result in an inflated tax bill.

At Lee Property Valuers, our team of experienced property valuers can:

  • Discuss your issue professionally and with integrity
  • Conduct a professional property valuation to determine if the assessment is fair and accurate.
  • Provide a comprehensive valuation report to support a land tax objection.

Expert Property Valuation Services for All Property Types

Our fully qualified property valuers specialise in valuing residential, commercial, industrial, and rural properties. Whether you’re disputing a land tax bill or need an independent property valuation, we are here to help.

Contact Lee Property Valuers today at 1300 698 800 or submit an enquiry via our website for professional land tax valuation assistance.