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DRAFT / NEEDS REVIEW. Queensland land tax assessment notices for the 2026 land tax year are being issued from August 2026. Here is who is affected, based on the current statutory thresholds.
What changed
Queensland land tax is assessed annually based on the total taxable value of freehold land an owner holds in Queensland at midnight on 30 June, excluding land specifically exempt, such as a principal place of residence. The Queensland Revenue Office issues assessment notices after that date, with 2026 notices being sent progressively from August 2026, either by post or made available through QRO Online for owners registered for that service.
Under the current thresholds, individuals are assessed once the total taxable value of their landholdings reaches $600,000 or more. Companies, trustees of most trusts, and absentees are assessed at a lower threshold, from $350,000 in total taxable value. Land tax is calculated on the combined value of all taxable land an owner holds, not on each property individually, so an owner with several smaller landholdings can be assessed even if no single property would trigger the threshold on its own.
Why it matters
Investment property owners, and anyone holding land through a company or trust structure, are the group most likely to be affected, since a principal place of residence is generally excluded from the calculation. Because land tax is assessed on combined landholdings rather than per property, an owner who has recently added an investment property, or restructured how property is held, may find their total taxable value has crossed the relevant threshold for the first time. The lower threshold for companies, trustees, and absentees means entities in those categories can become liable at a much smaller total landholding than an individual owner.
What to verify before you act
This article summarises the general Queensland land tax framework and current thresholds as published by the Queensland Revenue Office. It does not calculate anyone’s individual liability. If you own investment property, or hold property through a company or trust, check your own assessment notice when it arrives, confirm the taxable value the Queensland Revenue Office has used, and confirm whether any exemptions you may be entitled to have been correctly applied. If you believe an assessment is incorrect, or you are unsure how your ownership structure affects your threshold, contact the Queensland Revenue Office directly or seek advice from a qualified accountant or tax adviser before taking action.
Sources
- Queensland Revenue Office, Land Tax, qro.qld.gov.au
This article is general information only, current at the time of publication, and is not tax, legal, or financial advice. Thresholds and exemptions can change and can depend on individual circumstances. Always confirm your current liability directly with the Queensland Revenue Office or a qualified professional before making a decision. This article is held for internal review before publication because it concerns tax liability.
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