• Land Tax Rates - Archived

    Metropolitan Region Improvement Tax Rates

    2008 - 2019 - MRIT is imposed on property with a Land Tax liability at a rate of 0.14 cent for every dollar of the aggregated taxable value of the land in excess of $300,000.

    Land Tax Rates

    Land tax is calculated on the total (aggregated) taxable unimproved value of the land

    Effective for the financial years 2015-16 to 2018-19

    Exceeding ($) Not exceeding ($) Rates
    0 300,000 NIL
    300,001 420,000 Flat rate of $300
    420,000 1,000,000 $300 + 0.25 cent for each $1 in excess of $420,000
    1,000,000 1,800,000 $1,750 + 0.90 cent for each $1 in excess of $1,000,000
    1,800,000 5,000,000 $8,950 + 1.80 cents for each $1 in excess of $1,800,000
    5,000,000 11,000,000 $66,550 + 2.00 cents for each $1 in excess of $5,000,000
    11,000,000 and upwards $186,550 + 2.67 cents for each $1 in excess of $11,000,000

    Effective for the financial year 2014-15

    Exceeding ($) Not exceeding ($) Rates
    0 300,000 NIL
    300,000 1,000,000 0.11 cent for each $1 in excess of $300,000
    1,000,000 2,200,000 $770.00 + 0.58 cent for each $1 in excess of $1,000,000
    2,200,000 5,500,000 $7,730.00 + 1.51 cents for each $1 in excess of $2,200,000
    5,500,000 11,000,000 $57,560.00 + 1.80 cents for each $1 n excess of $5,500,000
    11,000,000 and upwards $156,560.00 + 2.67 cents for each $1 in excess of $11,000,000

    Effective for the financial year 2013-14

    Exceeding ($) Not exceeding ($) Rates
    0 300,000 NIL
    300,000 1,000,000 0.10 cent for each $1 in excess of $300,000
    1,000,000 2,200,000 $700.00 + 0.53 cent for each $1 in excess of $1,000,000
    2,200,000 5,500,000 $7,060.00 + 1.37 cents for each $1 in excess of $2,200,000
    5,500,000 11,000,000 $52,270.00 + 1.64 cents for each $1 n excess of $5,500,000
    11,000,000 and upwards $142,470.00 + 2.43 cents for each $1 in excess of $11,000,000