Land Tax (Vic.)

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

JLtarra
Participant
@jltarra
Join Date: 2004
Post Count: 90
April 9, 2005 - 2:39 am
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]
woodsman
Member
@woodsman
Join Date: 2004
Post Count: 714
April 9, 2005 - 9:24 pm
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
enduser
Member
@enduser
Join Date: 2003
Post Count: 74
April 10, 2005 - 10:22 am
Not, however, including your primary place of residence.
woodsman
Member
@woodsman
Join Date: 2004
Post Count: 714
April 10, 2005 - 11:24 pm
Not, however, including your primary place of residence
Only if owned in an individual name (natural person)
francisl
Member
@francisl
Join Date: 2005
Post Count: 32
April 19, 2005 - 11:28 am
Dear all,
I have visited the url from woodsman. However, could someone explain what is unimproved value of land. Thank you!
Regards,
Francis
woodsman
Member
@woodsman
Join Date: 2004
Post Count: 714
April 20, 2005 - 1:57 am
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