Land tax thresh-hold

Does anyone know the land tax thresh-hold for Victoria?

I purchased a property for $300,000 a few months back and haven't heard anything about land tax.

Thanks.
 
From state Rev office Vic

Generally if your land holdings have a total taxable value of $250,000 ($25,000 for trusts subject to surcharge) or more (excluding exempt land) you must pay land tax.

Land tax Rates
2009 General Rates
Total taxable value of landholdings Land tax payable
< $250,000 Nil
$250,000 to < $600,000 $275 plus 0.2% of amount > $250,000
$600,000 to < $1,000,000 $975 plus 0.5% of amount > $600,000
$1,000,000 to < $1,800,000 $2,975 plus 0.8% of amount > $1,000,000
$1,800,000 to < $3,000,000 $9,375 plus 1.3% of amount > $1,800,000
$3,000,000 and over $24,975 plus 2.25% of amount > $3,000,000
 
Overview is here, the land tax calculator is here and land tax rates here

The unimproved value of your property can be found on your council rates notice. If you are liable to pay for land tax the SRO will let you know. You needn't do anything.
 
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