You may need to pay land tax if you own an investment property, holiday home, commercial property or vacant land.
Buying a Property
Apart from the taxes you pay when buying a property, there are a range of benefits that may be available.
Land Transfer Duty
If you buy or acquire a property, you pay land transfer duty, commonly known as stamp duty.
You may have to pay landholder duty when you acquire an interest in a unit trust scheme that has land holdings.
You will have to pay payroll tax if you are an employer with a wage bill over a monthly threshold.
You may be eligible to receive a contribution of up to 25% of the purchase price of your home.
A levy applies to off-street private and public car parking spaces across parts of inner Melbourne.
Growth Areas Infrastructure Contribution
Developers make a one-off contribution to infrastructure in Melbourne’s newest suburbs.
Metropolitan Planning Levy
A levy is paid before obtaining a planning permit for developing certain land in metropolitan Melbourne.
Commercial Passenger Vehicle Service Levy
A levy, in addition to the fare, is payable on every taxi, hire car and ride share trip.