Six-year land tax rollback: Premier moves to dismantle Andrews-era policy for 250,000 Victorians
The Victorian government has announced plans to progressively roll back land tax hikes introduced during the pandemic. The policy change aims to return the tax-free threshold to $300,000 over six years, providing relief to approximately 250,000 property owners.
Why it matters
This policy reversal highlights the political pressure on the Labor government to address cost-of-living concerns ahead of the upcoming state election.
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Share A A A A quarter of a million Victorians will be progressively spared from paying land tax if the Labor government is re-elected in November, reversing a major Andrews-era policy designed to pay down the state’s COVID debt bill.
Since 2024, owners of second homes or investment properties on land worth at least $50,000 have been paying hundreds of dollars in extra tax . Before this, the tax-free threshold was $300,000.
Premier Ben Carroll has promised to unwind Labor’s steep land tax hikes. Justin McManus On Sunday, Premier Ben Carroll will announce that the threshold will progressively return to $300,000 over six years, saving Victorians up to $975 a year depending on the value of their properties.
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