How is land tax split between properties?
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This video is intended as a guide only. We recommend you seek independent advice on state revenue matters and how they impact you and your circumstances.
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If you own more than one property in an ownership, land tax will be levied on the total taxable site value of all the land in that ownership.
The total land tax payable will be apportioned against (or “shared between”) each taxable property in the ownership, based on its individual site value.
You might need to know how much each property’s land tax is. Let’s look at how you calculate that.
Our example has 3 parcels of land. The Valuer-General’s Office has provided site values for them at…
$440,000, $210,000 and $290,000. A total of $940,000.
Land tax on this amount is calculated and the Land Tax Assessment is issued.
To get each property’s land tax, the site value of each property is then divided by the total of the combined site values and then multiplied by the total land tax payable.
For this property, it is calculated by dividing $440,000 by the total site value and multiplying by the total land tax payable. This gives you this property’s share of the land tax.
For this property, it is calculated by dividing $210,000 by the total site value and multiplying by the total land tax payable. This gives you this property’s share of the land tax.
For this 3rd property, it is calculated by dividing $290,000 by the total site value and multiplying by the total land tax payable. This gives you this property’s share of the land tax.
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More information can be found at www.revenuesa.sa.gov.au/landtax