Noosa 360

Land tax is calculated on the freehold land you own in Queensland at midnight on 30 June for the full financial year, and only applies to secondary properties above the $600,000 threshold. Information regarding exemptions, including for your primary home, is available at www.qld.gov.au/environment/land/tax/exempt/exemptions

The following exemption processes (in italics) has been provided by the QLD Treasurer’s office to assist:

Online

Owners who reside in their home can lodge an exemption online. If eligible, the liability will be reassessed as $0.

To do so, create an account via Queensland Government | Online tax portal (treasury.qld.gov.au)

For further details: Apply for a land tax exemption | Business Queensland

Manually

Alternatively, residents can print and mail a Form LT12 Exemption Claim – Land used as a home (Individuals). This will take longer for a reassessment to be issued as it must be processed manually.

For queries regarding land valuations and also how these relate to Council rate calculations please read our update at  yourwebsitedeveloper.com.au/sandy-bolton/wp/land-valuations-local-government-rate-calculations-march-2023.

Following the 2022 valuations, Sandy asked the Treasurer to commit to a review of the land tax valuation threshold commensurate with land valuation increases. It was not a positive response for those seeking relief, although it explains the QLD Government’s position which you can read at https://documents.parliament.qld.gov.au/tableoffice/questionsanswers/2022/542-2022.pdf. Given the 2023 increases, this will be revisited.

Further direct advocacy regarding land tax can be directed to the QLD Treasurer via treasurer@ministerial.qld.gov.au and please copy our office into any response you receive.

For further assistance or advice, please contact our office on 5319 3100 or email noosa@parliament.qld.gov.au