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While individual property values may fall into those ranges -...

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UniversalTrader

21,612 Posts.

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08/05/23

19:50

Post #: 67665340
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Originally posted by Liar: ↑

Most Property fall in two :

< $300,000 Nil $300,000 to < $600,000 $375 plus 0.2% of amount > $300,000

$600,000 to < $1,000,000 $975 plus 0.5% of amount > $600,000

That wont stop people I reckon from buying 300 apartments in one big bag.

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While individual property values may fall into those ranges - land tax is based on cumulative land value when calculating land tax which becomes exhorbidant as the land value increases.
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