Land tax assessment notices for the 2025 land tax year have started being issued by the State Revenue Office of Victoria.
Land tax for the 2025 land tax year is assessed on the total taxable value (site value/unimproved value) of Victorian land held by landowners as at 31 December 2024.
This year is the first year that the coverage of the Vacant Residential Land Tax extends state-wide. Similar to land tax, Vacant Residential Land Tax for the 2025 land tax year is assessed on the total taxable value (Capital Improved Value) of relevant residential land held as at 31 December 2024.
Please note that land tax and Vacant Residential Land Tax are separately assessed. If you are assessed as liable for both, you should receive a separate assessment notice for each, distinguishable by the heading on the notice.
Check that your land tax assessment notice is correct by reference to our downloadable how-to guide to decoding your assessment notice.
Download the how-to guide here.
For further information or assistance with reviewing your circumstances, please contact your Pitcher Partners representative.
