Jousting close but closer to $6000 per year.
Things you should know about WA land tax
Easier to deal with Monty Python than State Revenue
If they make a mistake and overcharge you, they will not give refund, will only give credit towards next bill
If you live in a property and claim as PPOR no CGT payable to Fed Govt and no land tax payable to state gov. If you move out and rent property you can claim as PPOR for 6 years and no CGT. But you will have to pay state gov. land tax each year.
The land tax is charged on your total portfolio of properties. If the total value exceeds $2.2m the land tax rate almost doubles. Eg land tax on $1.5 = approx $6000
buy one more property of $700k or $800k and your bill jumps to about $10,000 per year.
Land tax can be a killer if not factored in as it has not in Grays analysis.
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