Summary of changes 2013-14
Status: Currrent
Legislation: Land Tax Act 1936
Date Issued: 13 June 2013
Information Circulars do not have the force of law.
As part of the 2009-10 Mid-Year Budget Review, the Government announced that from 2011-12 the land tax thresholds would be increased in line with the Valuer-General’s annual assessment of average land value increases in order to provide ongoing relief to taxpayers from bracket creep.
The Land Tax (Miscellaneous) Amendment Act 2010 provides that from and including the 2011-12 financial year, based on figures provided by the Valuer-General, the land tax thresholds are to be indexed by the average percentage change in site values (refer to Information Circular No. 17).
Today the Valuer-General has published a Notice in the Gazette advising that the average percentage change in site values is 0.8% and the corresponding Index Value relevant to the adjustment of land tax thresholds is 1.041. These determinations are made by the Valuer-General having regard to the Valuation of Land Act 1971 and the Land Tax Act 1936.
Given the Index Value has not increased beyond that for 2011-12 (1.052), the land tax thresholds for the 2013-14 financial year will remain the same as the 2012-13 financial year. Accordingly, the Commissioner of State Taxation has today published a Notice in the Gazette advising the thresholds for the 2013-14 land tax financial year are as follows:
| Total taxable site value | Amount of tax |
|---|---|
| Below $316,000 | nil |
| $316,001 to $579,000 | $0.50 for every $100 or part of $100 above $316,000 |
| $579,001 to $842,000 | $1,315.00 plus $1.65 for every $100 or part of $100 above $579,000 |
| $842,001 to $1,052,000 | $5,654.50 plus $2.40 for every $100 or part of $100 above $842,000 |
| Over $1,052,000 | $10,694.50 plus $3.70 for every $100 or part of $100 above $1,052,000 |
Application fee for a Certificate of land tax payable
Under the provisions of the Land and Business (Sale and Conveyancing) Act 1994, a Certificate of Land Tax Payable (“Certificate”) may be obtained from RevenueSA showing the amount of land tax (if any) that will be payable in relation to the liability imposed for the financial year in which it is requested (including any arrears).
The issuing of a Certificate is subject to payment of a prescribed administration fee.
The fee prescribed for 2013-14 is $29.75.
View this Information Circular as a PDF (PDF 248KB)