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Description

This video will help explain the time period which is covered by the 2017 land tax assessments.

Transcript

Land tax covers a full calendar year period and is based on what land you own at midnight on the 31st December 2016.

You are still liable for the full amount of tax if you sell any land during 2017, however land tax may be adjusted between the vendor and purchaser at settlement.

For more information about land tax and assessments, visit www.sro.vic.gov.au/landtax