New South Wales Consolidated Acts

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LAND TAX ACT 1956 - SCHEDULE 13

SCHEDULE 13 – Tax rates from 2009 land tax year

(Section 3AL)

Part 1 - General rate (where tax threshold applies)

Taxable value assessed under Principal Act Rate of land tax payable
is not more than the tax threshold nil
is more than the tax threshold but not more than the premium rate threshold $100 plus 1.6 per cent of the amount by which the taxable value exceeds the tax threshold
is more than the premium rate threshold $100 plus:(a) 1.6 per cent of the amount by which premium rate threshold exceeds the tax threshold, and(b) 2 per cent of the amount by which the taxable value exceeds the premium rate threshold

Part 2 - Land subject to special trust

Taxable value assessed under Principal Act Rate of land tax payable
is not more than the premium rate threshold 1.6 per cent of the taxable value
is more than the premium rate threshold 1.6 per cent of the premium rate threshold, plus 2 per cent of the amount by which the taxable value exceeds the premium rate threshold

Part 3 - Land owned by non-concessional company (group land holdings not exceeding premium rate threshold)

Taxable value assessed under Principal Act Rate of land tax payable
is any amount 1.6 per cent of the taxable value

Part 4 - Land owned by non-concessional company (group land holdings exceeding premium rate threshold)

Taxable value assessed under Principal Act Rate of land tax payable
is any amount 2 per cent of the taxable value


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