Queensland land tax is levied on:
Correct Answer
A) The total taxable land value of an owner's holdings, excluding their home
Queensland land tax is assessed annually on the total taxable value of freehold land owned by a person or entity as at midnight on 30 June. The owner's principal place of residence is exempt, as are certain other categories of land.
Why This Is the Correct Answer
Queensland land tax is assessed each year on the total taxable value of the freehold land an owner holds at midnight on 30 June, above a threshold. The owner's principal place of residence and some other land, such as eligible primary production land, are exempt.
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