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]
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
Not, however, including your primary place of residence.
Not, however, including your primary place of residenceOnly if owned in an individual name (natural person)
Dear all,
I have visited the url from woodsman. However, could someone explain what is unimproved value of land. Thank you!
Regards,
FrancisHowever, 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
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