Editing Land value tax (section)

===Australia===

Land taxes in Australia are levied by the states. The exemption thresholds vary, as do tax rates and other rules.

In [[New South Wales]], the state land tax exempts farmland and principal residences and there is a tax threshold. Determination of land value for tax purposes is the responsibility of the Valuer-General.<ref>{{cite web |url=http://www.lands.nsw.gov.au/valuation |title=NSW.gov.au |publisher=Lands.nsw.gov.au |access-date=25 September 2010 |archive-url=https://web.archive.org/web/20100702135627/http://www.lands.nsw.gov.au/valuation |archive-date=2 July 2010 }}</ref> In [[Victoria, Australia|Victoria]], the land tax threshold is {{val|p=$|50000|fmt=commas}} on the total value of all Victorian property owned by a person on 31 December of each year and taxed at a progressive rate. The principal residence, primary production land and land used by a charity are exempt from land tax.<ref>{{cite web |title=State Revenue Office, Land Tax |url=https://www.sro.vic.gov.au/land-tax |access-date=19 December 2024 |website=sro.vic.gov.au}}</ref> In [[Tasmania]] the threshold is {{val|p=$|25000|fmt=commas}} and the audit date is 1 July. Between {{val|p=$|25000|fmt=commas}} and {{val|p=$|350000|fmt=commas}} the tax rate is 0.55% and over {{val|p=$|350000|fmt=commas}} it is 1.5%.<ref>{{Cite web |url=http://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/58F1DB55D3494B11CA257D5B00045AAB/$file/Land%20Tax%20Summary.pdf |title=Land Tax {{!}} 1 July 2016 to 30 June 2017 {{!}} Tasmania |access-date=10 April 2017 |archive-url=https://web.archive.org/web/20170303084507/http://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/58F1DB55D3494B11CA257D5B00045AAB/$file/Land%20Tax%20Summary.pdf |archive-date=3 March 2017 }}</ref> In [[Queensland]], the threshold for individuals is {{val|p=$|600000|fmt=commas}} and {{val|p=$|350000|fmt=commas}} for other entities, and the audit date is 30 June.<ref>{{cite web|url=https://www.qld.gov.au/environment/land/tax/overview/about/|title=What is land tax? – Environment, land and water |publisher=[[Queensland Government]] |work=Department of Environment and Heritage Protection |access-date=3 April 2018}}</ref> In South Australia the threshold is {{val|p=$|332000|fmt=commas}} and taxed at a progressive rate, the audit date is 30 June.<ref>{{Cite web |url=https://www.revenuesa.sa.gov.au/taxes-and-duties/land-tax/forms/LTGxx_0317.pdf |title=Guide to Land Tax: Land Tax Act 1936 |access-date=10 April 2017 |archive-date=11 April 2017 |archive-url=https://web.archive.org/web/20170411135307/https://www.revenuesa.sa.gov.au/taxes-and-duties/land-tax/forms/LTGxx_0317.pdf |url-status=dead }}</ref>

By revenue, property taxes represent 4.5% of total taxation in Australia.<ref>{{cite web|url=http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/5506.0Main%20Features32007-08?opendocument&tabname=Summary&prodno=5506.0&issue=2007-08&num=&view= |title=5506.0 – Taxation Revenue, Australia, 2007–08 |date=14 April 2009 |access-date=26 October 2013 |archive-url=https://web.archive.org/web/20090830001927/http://www.abs.gov.au/Ausstats/abs%40.nsf/Latestproducts/5506.0Main%20Features32007-08?opendocument&tabname=Summary&prodno=5506.0&issue=2007-08&num=&view= |archive-date=30 August 2009 }}</ref> A government report<ref>{{Cite web |url=http://www.landvaluetax.org/government-papers/brisbanes-inquiry-into-land-value-rating.html |archive-url=https://web.archive.org/web/20090106204300/http://www.landvaluetax.org/government-papers/brisbanes-inquiry-into-land-value-rating.html |archive-date=2009-01-06 |title=Brisbane's Inquiry into Land Value Rating|website=Land Value Taxation Campaign|access-date=22 December 2008}}</ref> in 1986 for [[Brisbane, Queensland]] advocated an LVT.

The [[Henry Tax Review]] of 2010 commissioned by the federal government recommended that state governments replace [[stamp duty]] with LVT. The review proposed multiple marginal rates and that most agricultural land would be in the lowest band with a rate of zero. The [[Australian Capital Territory]] moved to adopt this system and planned to reduce stamp duty by 5% and raise land tax by 5% for each of twenty years.