Vacant residential land tax (current rates)

From 1 January 2018, vacant residential land tax (VRLT), an annual tax, was set at 1% of the capital improved value (CIV) of taxable land.

From 1 January 2025, a progressive rate of VRLT applies to non-exempt vacant residential land across all of Victoria. The rate of VRLT is based on the number of consecutive tax years the land has been liable for VRLT and is:

• 1% of the CIV of the land for the first year the land is liable for VRLT where the land was not liable for VRLT in the preceding tax year
• 2% of the CIV of the land where the land is liable for VRLT for a second consecutive year
• 3% of the CIV of the land where the land is liable for VRLT for a third consecutive year.