The examples below show how land tax is calculated in each of the tiers using the general rates.

Exceeds $534,000 but not $858,000
$0.50 for every $100 or part $100 above $534,000

For this example we are using a total site value of $600,000

Tax on $534,000

Nil

Plus tax on $66,000

Calculated as follows:

  • 600,000 – 534,000 = 66,000
  • 66,000 / 100 = 660
  • 660 x $0.50

$330

2022-23 Tax Estimate

$330

Exceeds $858,000 but not $1,249,000
$1,620.00 plus $1.00 for every $100 or part of $100 above $858,000

For this example we are using a total site value of $950,000

Tax on $858,000

$1,620

Plus tax on $92,000

Calculated as follows:

  • 950,000 – 858,000 = 92,000
  • 92,000 / 100 = 920
  • 920 x $1.00

$920

2022-23 Tax Estimate

$2,540

Exceeds $1,249,000 but not $2,000,000
$5,530.00 plus $2.00 for every $100 or part of $100 above $1,249,000

For this example we are using a total site value of $1,265,000

Tax on $1,249,000

$5,530

Plus tax on $16,000

Calculated as follows:

  • 1,265,000 – 1,249,000 = 16,000
  • 16,000 / 100 = 160
  • 160 x $2.00

$320

2022-23 Tax Estimate

$5,850

Exceeds $2,000,000
$20,550.00 plus $2.40 for every $100 or part of $100 above $2,000,000

For this example we are using a total site value of $2,500,000

Tax on $2,000,000

$20,550

Plus tax on $500,000

Calculated as follows:

  • 2,500,000 – 2,000,000 = 500,000
  • 500,000 / 100 = 5,000
  • 5,000 x $2.40

$12,000

2022-23 Tax Estimate

$32,550