Sigemup Posted April 3, 2019 Share Posted April 3, 2019 Hi Guys, If we own property, do we need to pay property taxes on annual basis? Thank you Quote Link to comment Share on other sites More sharing options...
rammygirl Posted April 3, 2019 Share Posted April 3, 2019 More info needed. What state? What taxes? What is your status? taxes can also vary on size of property for things like land tax. Quote Link to comment Share on other sites More sharing options...
Sigemup Posted April 3, 2019 Author Share Posted April 3, 2019 8 hours ago, rammygirl said: More info needed. What state? What taxes? What is your status? taxes can also vary on size of property for things like land tax. Hi Rammy girl, Asking in general if there is property tax in Oz. Because when I look in realestate.com.au it only shows Strata levi, Stamp duty etc for each property. Not sure where the property tax is mentioned so. I guess the states would be NSW, VIC, TAS, SA and ACT to look in Quote Link to comment Share on other sites More sharing options...
Marisawright Posted April 3, 2019 Share Posted April 3, 2019 1 hour ago, Sigemup said: Hi Rammy girl, Asking in general if there is property tax in Oz. Because when I look in realestate.com.au it only shows Strata levi, Stamp duty etc for each property. Not sure where the property tax is mentioned so. I guess the states would be NSW, VIC, TAS, SA and ACT to look in It depends what you mean by "property tax". When you buy a home, there is stamp duty to pay. When you own an apartment, all the owners pay into a common fund which pays for maintenance (that's called "strata levies). You also have to pay council rates. These are charged by the local council and are based on the size of your property. If your home is over a certain value, you may have to pay land tax. Quote Link to comment Share on other sites More sharing options...
Skani Posted April 3, 2019 Share Posted April 3, 2019 Council rates are paid on all properties. Rates are set by local councils so vary according to which where the property is located. Land tax can also be applied to properties: this is a state regulation so varies between states. I'm not sure of other states but in Tasmania land tax is payable on property which is not your main residence. Quote Link to comment Share on other sites More sharing options...
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