Land Tax on $1,500,000 in Queensland
Different situation? Run the QLD land tax calculator
This page assumes an individual resident owner with no foreign or absentee surcharge. Trust ownership, foreign-owner surcharge, multi-property holdings, and PPOR exemption can change the result substantially.
Land Tax Breakdown
| Land value | $1,500,000 |
| Taxable portion | $900,000.00 |
| Base land tax | $12,750.00 |
| Surcharges | $0.00 |
| Total annual land tax | $12,750.00 |
| Effective rate | 0.850% |
Assumes individual resident owner with no foreign or absentee surcharges. Principal place of residence is generally exempt from land tax, and ACT land tax applies to non-PPOR residential properties.
Compare Nearby Land Values in QLD
| Land Value | Land Tax | Effective Rate |
|---|---|---|
| $1,000,000 | $4,500.00 | 0.450% |
| $1,500,000 | $12,750.00 | 0.850% |
| $3,000,000 | $37,500.00 | 1.250% |
Compare Land Tax Across States
Land holdings in this value range
At $600,000 to $2 million in land value, you exceed the thresholds in all states. Land tax is now an ongoing annual cost that must be factored into your investment return calculations. At this level, land tax typically ranges from $2,000 to $30,000 per year depending on the state. The ownership structure (individual vs trust vs company) starts to significantly affect the tax bill because trusts often have lower thresholds and higher rates.
Ownership structure matters
In VIC, trusts have a $25,000 threshold vs $50,000 for individuals. In SA, trusts without a nominated beneficiary start paying at $25,000 instead of $936,000 and pay higher marginal rates. Review whether your current ownership structure is the most tax-efficient for land tax purposes — but balance this against CGT, asset protection, and income tax implications.
Factor land tax into rental yield
Land tax is a recurring annual cost that reduces your net rental yield. On a $1 million land value in VIC, land tax is $4,650/year — roughly equivalent to 2-3 weeks of rent on a typical investment property. Include land tax in your yield calculations alongside council rates, insurance, and management fees.
PPOR exemption is your biggest lever
Your principal place of residence is exempt from land tax in every state (ACT exempts PPOR from land tax but charges general rates). If you own one investment property and one PPOR, only the investment property is assessed. Some investors restructure to hold PPOR personally and investment properties in different structures.
Typical owners: Multi-property investors, family trusts holding residential investments, and self-managed super funds with investment property.
Land Tax in Queensland
Queensland has a generous individual threshold of $600,000 for resident individuals. Only Queensland land counts: QRO adds up the taxable value of the land you own in Queensland at 30 June, and land you hold in other states is not aggregated. (Queensland legislated interstate aggregation in 2022 but repealed it before it ever applied.) Absentees and companies and trustees are assessed on their own, lower-threshold rate scales.
How to calculate land tax on $1,500,000 in QLD
- Start with taxable land value of $1,500,000 in Queensland.
- Apply the state threshold ($600,000.00) to determine taxable land value.
- Calculate base land tax and add any state surcharges (if applicable).
- Confirm the annual land tax result ($12,750.00) and compare with nearby values or other states.
QLD Land Tax Calculator
Need a detailed calculation for Queensland? Use the QLD calculator to adjust ownership type, surcharges, and multiple properties.