Act Revenue Land Tax Calculator

While the state revenue office makes every attempt to ensure the accuracy and reliability of the automatic calculations provided in this service you will acknowledge that there may be instances where the state revenue office is required to recalculate the figures submitted for assessment.

Act revenue land tax calculator. The act revenue office regularly updates the calculators on its website in accordance with legislative requirements. 1 july 1 october 1 january and 1 april each year. The act revenue office regularly updates the calculators on its website in accordance with legislative requirements. This certificate shows the amount of general rates land tax land rent and other charges outstanding on the property.

Landon s land tax was overdue for the period 16 august to 5 october so landon has to pay interest for the period 16 august to 15 october or two whole months. No liability or responsibility is accepted by the commissioner for act revenue or the australian capital territory for any errors in calculations which may arise as a result of errors made by you errors due to technical issues and errors arising due to issues beyond the. We assess your land tax quarterly and base the assessment on the status of the property as of four key dates. Please note that it is the responsibility of new property owner s to calculate settlement balances.

This calculator can only be used for reference purposes. You will need to know the total value of all the taxable land. Land tax is calculated on the site value which you can locate on your last land tax notice of assessment or by contacting the office of the valuer general on 1300 653 346. Calculate your land tax.

Site values may change from year to year. The assessments are for each whole quarter. Landon s land tax is due on the 15 august but he doesn t pay his land tax until 5 october. If yes use the land tax calculator.

Land tax is calculated on the site value which you can locate on your last land tax notice of assessment or by contacting the office of the valuer general on 1300 653 346. If you are selling or buying a property you can apply for a certificate of rates land tax and other charges. There is no daily pro rated land tax liability within a quarter. The surcharge is in addition to land tax you must pay if a property isn t your principal place of residence.

If you re a foreign person who owns residential land in the act you must pay a land tax surcharge of 0 75 per cent of the average unimproved value per year from 1 july 2018 onwards. Your 2020 21 land tax liability will be calculated on the site value of your land as at 30 june 2020. No liability or responsibility is accepted by the commissioner for act revenue or the australian capital territory for any errors in calculations which may arise as a result of errors made by you errors due to technical issues and errors arising due to issues beyond the. To get an idea of how much.