All Topics / General Property / Question re land tax on units in NSW

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  • Profile photo of joe_gombosjoe_gombos
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    @joe_gombos
    Join Date: 2004
    Post Count: 2
    October 4, 2004 - 12:24 am

    Can anyone confirm that the sum of land tax values for all units within an apartment block are greater than that of the actual land that the block occupies? ie. if a house were to be built on the same block of land would it attract the same land tax? What I am really driving at is if the Govt is charging for vertical airspace.

    Profile photo of tonyy21692tonyy21692
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    @tonyy21692
    Join Date: 2003
    Post Count: 128
    October 4, 2004 - 5:07 am

    Joe

    NSW OSR land tax is based on the land value. Unlike other states NSW uses their own dept values rather than the VG, (which many councils uses to base their rates). And as of 1/1/05 all land, (except PPR & farming) will be subject to land tax…. Guess somebody has to pay for Sydneys transport solution.

    Regards

    Tony

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