Land Tax Thresholds Change regularly.
You should contact Riba Business Lawyers to ensure that the rates have not changed since the date of this Post.
| Taxable value | Rate of tax |
| $0–$599,999 | $0 |
| $600,000–$999,999 | $500 plus 1 cent for each $ more than $600,000 |
| $1,000,000–$2,999,999 | $4,500 plus 1.65 cents for each $ more than $1,000,000 |
| $3,000,000–$4,999,999 | $37,500 plus 1.25 cents for each $ more than $3,000,000 |
| $5,000,000 and over | $62,500 plus 1.75 cents for each $ more than $5,000,000 |
| Taxable value | Rate of tax |
| $0–$349,999 | $0 |
| $350,000–$2,249,999 | $1,450 plus 1.7 cents for each $ more than $350,000 |
| $2,250,000–$4,999,999 | $33,750 plus 1.5 cents for each $ more than $2,250,000 |
| $5,000,000 and over | $75,000 plus 2.0 cents for each $ more than $5,000,000 |
Land Tax valuations do not normally include the value of the building. For advice please contact us.
