Land Tax is a selective form of annual taxation of capital which is levied at various rates by the individual State Governments and the Australian Capital Territory.
The Northern Territory does not have a Land Tax.
The paper gives a general overview on the principles applying to the levying of land tax under the headings:
- Selective Taxation Of Capital
- Normally On Ownership Of Land (Except ACT)
- Unimproved Value Of Land
- Factors For Land Tax Determination
- Exemption From Land Tax
- Items Excluded From Valuation
- State-by-State Summary
- Professional Advice - Land Tax
