Summary: Land tax in New South Wales applies to the total taxable value of land owned, excluding your principal place of residence. Here’s what changes in 2025 and how it affects property owners.
2025 thresholds
| Type | Threshold (2025) | Tax Rate |
|---|---|---|
| General | $1,075,000 | 1.6% over threshold + base $100 |
| Premium | $6,571,000+ | 2% of value over threshold |
Who pays?
- Landowners (individuals or trusts) as of midnight 31 December each year.
- Exemptions apply for principal residences and some primary production land.
What’s new in 2025
- Thresholds indexed slightly upward from 2024 values.
- Premium threshold widened to offset rising valuations.
- No structural rate changes announced by NSW Treasury as of October 2025.
Tips
- Use the NSW Revenue calculator to estimate liability: revenue.nsw.gov.au
- Review trust ownership structures annually — trusts are often assessed differently.
Sources
- NSW Revenue Office, Land Tax Thresholds 2025
- NSW Treasury Budget Papers 2025–26
Slug: nsw-land-tax-2025-explained — Category: Policy & Tax