Queensland Consolidated Acts

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LAND TAX ACT 2010 - SCHEDULE 3

SCHEDULE 3 – Rate of land tax—absentees

Part 1 - Rate generally

Column 1
Total taxable value
Column 2
Tax payable
less than $350,000 nil
$350,000 or more but less than $2,250,000 $1,450 plus 1.7c for each $1 more than $350,000
$2,250,000 or more but less than $5,000,000 $33,750 plus 1.5c for each $1 more than $2,250,000
$5,000,000 or more but less than $10,000,000 $75,000 plus 2.0c for each $1 more than $5,000,000
$10,000,000 or more $175,000 plus 2.5c for each $1 more than $10,000,000

Part 2 - Surcharge rate

Column 1
Total taxable value
Column 2
Tax payable
less than $350,000 nil
$350,000 or more 2.0c for each $1 more than $349,999



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