You may be required to pay land tax if you own land with an aggregate taxable value in excess of $300,000.
Aggregate taxable value is the total value of all taxable land that you own. For example, if you own two taxable properties with taxable values of $200,000 and $300,000 respectively, the aggregate taxable value of your land is $500,000.
You are regarded as the land owner if you:
- hold the freehold title
- hold the land in trust
- lease land from the Crown or local government (lessee).
Please consult the Contact Officer for more information.