All Topics / General Property / Land Tax (Vic.)

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  • Profile photo of JLtarraJLtarra
    Participant
    @jltarra
    Join Date: 2004
    Post Count: 90

    Hi There all,

    I’m a little un clear about Land Tax,
    Does it apply to all properties?
    We have Commercial investment and we haven’t seen a Land Tax Bill Yet??
    The property is in Victoria.

    Thanx in advance [blink][blink]

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714

    It is applied to all land in Victoria, however only on the unimproved value.

    You should receive your notice by no later than June.

    http://www.sro.vic.gov.au/sro/srowebsite.nsf/taxes_landtax.htm?OpenPage&charset=iso-8859-1

    Profile photo of enduserenduser
    Member
    @enduser
    Join Date: 2003
    Post Count: 74

    Not, however, including your primary place of residence.

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    Not, however, including your primary place of residence

    Only if owned in an individual name (natural person)

    Profile photo of francislfrancisl
    Member
    @francisl
    Join Date: 2005
    Post Count: 32

    Dear all,

    I have visited the url from woodsman. However, could someone explain what is unimproved value of land. Thank you!

    Regards,
    Francis

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    However, could someone explain what is unimproved value of land.

    If the land on the property in question was only that ie no buildings, no sewerage connection etc, it is simply the fair value (as determined by council valuation) that could be obtained by selling that parcel of land

Viewing 6 posts - 1 through 6 (of 6 total)

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