Land Tax Shock is a real concern, particularly with individuals working overseas for a number of years and being deemed Absentee for land tax assessments.
What is Land Tax?
Land Tax is a state based tax calculated on the freehold land value (Taxable Value) you own in Queensland as at midnight the 30th June each year.
Qld Valuer-General provides statutory land valuations for all rateable properties across Queensland in accordance with the Land Valuation Act 2010.
The Rateable land value can be seen on each respective properties rates notice.
Once your aggregate land value exceeds