Land tax assessment notices for the 2024 land tax year are in the process of being issued by the State Revenue Office of Victoria.
A number of land tax changes have been introduced commencing from 1 January 2024, including increases to land tax and absentee (foreign) surcharge rates.
You can read more about the changes here.
Land tax for the 2024 land tax year is generally assessed on the total taxable value of all Victorian land held by an entity as at 31 December 2023.
Confirm that the amount payable is appropriate to your circumstances by accessing your downloadable how-to guide to decoding your assessment notice.
For further information or assistance with reviewing your circumstances, please contact your Pitcher Partners representative.
You may also wish to refer to our articles for further changes to land tax, vacant residential land tax and windfall gains tax which can be accessed here and here.
