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Made some calls today to find out the land value my strata unit as above (see pic) Land value FY ending 2013 $9.5m 2012 $10.5m 2011 $13m This is to be averaged over 3 years Contribution Entitlement...

Taxable value Rate of tax $0?$599,999 $0 $600,000?$999,999 $500 plus 1 cent for each $ more than $600,000 $1,000,000?$2,999,999 $4,500 plus 1.65 cents for each $ more than $1,000,000 $3,000,000?$4,999,999 $37,500 plus 1.25 cents for each $ more than $3,000,000 examples 1...

Thanks Ace, land tax is a joke. From what i now understand with apartments is that they do a land valuation every year and divide it by how many lots. Example:Land value $4m divided by 120 lots = $33,333 per lot. But what if someone's apartment is 160sqm and another is a studio at 40sqm...

Thanks Ace in the Hole. Are your properties houses or strata title? Our government creates all sorts of complex tax issues when investing, really pays to research before buying and to make things worse it varies state by state:mad:

Thanks Jason for your reply. I'm currently trying to research the pros and cons of being an individual owner or setting it up as a trust. Also trying to research how land tax is calculated on individual units on strata titles, maybe the 3 apartments i own are only valued @ approx $80,000...

I did find something but have never received a valuation notice, i will call the Douchebags tomorrow. http://www.dnrm.qld.gov.au/property/valuations/annual-valuations What if I didn?t receive a 2013 annual valuation notice? If you didn?t receive a valuation notice, the reason could be...

Hi 1911naomi, I'm in a similar situation and already own 3 apartments on the Gold Coast and want to purchase another BUT I'm worried that the land value will exceed the $600,000 threshold and will have to start paying land tax, or i can purchase in Tweed but the rental yield are much lower...