Land Tax Threshold-does it increase with property gains?

[mixedup]

Hi,

Anyone know whether typically (or based on history) the Land Tax threshold increases at the same sort of rate as house price growth or not? If not what sort of growth (for running some calcs) would make sense for annual threshold growth? (e.g. 3%?)

thanks

 

[syba]

Not sure about the other states (is a state government tax), but in NSW it is indexed. Eg in 2009 the threshold was $368,000 and in 2010 is $376,000. An increase in one year of around 2.2%. I presume all states would be indexed as well - would be silly if it wasn't.