Land Tax on $500,000 in New South Wales (2025-26)
Different situation? Run the NSW 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 | $500,000 |
| Taxable portion | $0.00 |
| Base land tax | $0.00 |
| Surcharges | $0.00 |
| Total annual land tax | $0.00 |
| Effective rate | 0% |
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 NSW
| Land Value | Land Tax | Effective Rate |
|---|---|---|
| $500,000 | $0.00 | 0% |
| $1,000,000 | $0.00 | 0% |
Compare Land Tax Across States
Land holdings in this value range
At land values under $600,000, you may fall below the tax-free threshold in several states — NSW ($1.075M), QLD ($600k), and SA ($688k) all exempt land below these values. However, VIC ($50k), TAS ($87k), WA ($300k), and ACT (no threshold) will still charge land tax. The key question at this level is whether your total aggregated land holdings exceed the threshold, not just one property's land value.
Aggregation is the trap
Land tax is calculated on the total unimproved land value of all your taxable land in a state — not per property. Two investment properties with $300,000 land value each means $600,000 in aggregate, pushing you above the WA and TAS thresholds even though neither property individually would trigger tax.
Check your unimproved land value
Your land tax is based on the unimproved (site) value, not the property's market value. A $600,000 house on a $300,000 block is assessed at $300,000. You can find your land value on the council rates notice or through the state Valuer General.
Typical owners: Single-property investors, regional landowners, and owners of units or apartments where the land component is shared among strata lots.
Land Tax in New South Wales
NSW has a $1,075,000 general land tax threshold for 2026. Revenue NSW applies it to the combined 3-year average value of all taxable NSW land, so multiple holdings are aggregated before the threshold is applied.
How to calculate land tax on $500,000 in NSW
- Start with taxable land value of $500,000 in New South Wales.
- Apply the state threshold ($1,075,000.00) to determine taxable land value.
- Calculate base land tax and add any state surcharges (if applicable).
- Confirm the annual land tax result ($0.00) and compare with nearby values or other states.
NSW Land Tax Calculator
Need a detailed calculation for New South Wales? Use the NSW calculator to adjust ownership type, surcharges, and multiple properties.