{"id":46080,"date":"2026-07-07T23:52:11","date_gmt":"2026-07-07T23:52:11","guid":{"rendered":"https:\/\/www.europesays.com\/australia\/46080\/"},"modified":"2026-07-07T23:52:11","modified_gmt":"2026-07-07T23:52:11","slug":"queensland-government-on-track-to-make-almost-5-billion-a-year-from-land-tax-as-revenue-grows","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/australia\/46080\/","title":{"rendered":"Queensland government on track to make almost $5 billion a year from land tax as revenue grows"},"content":{"rendered":"

The Queensland government is on track to make almost $5 billion a year from a tax the premier once claimed affected the “most humble” mum and dad investors.<\/p>\n

New figures in the budget handed down in the past fortnight reveal the state is expected to make about $2.7 billion from land tax in 2025-26.<\/p>\n

Over the next four years the government’s annual revenue from the tax is forecast to climb by almost 80 per cent, to $4.8 billion by 2029-30.<\/p>\n

\"A<\/p>\n

While in opposition, David Crisafulli referred to land tax as a “stealth tax” that affected “the most humble” mum and dad investors.\u00a0 (ABC News: Luke Bowden)<\/p>\n

Land tax revenue has grown steadily in the past decade with rising land values and is projected to make up about 10.7 per cent of state taxation this financial year.<\/p>\n

The tax does not apply to someone’s principal place of residence but can apply to investment properties.<\/p>\n

Thresholds unchanged<\/p>\n

An individual must pay the tax if the value of their land collectively exceeds a $600,000 threshold, based on the valuations set by the state’s valuer general.<\/p>\n

The threshold has remained unchanged since 2007 \u2014 and there is also a smaller $350,000 threshold for companies and trusts.<\/p>\n

In an interview with radio station 4BC in 2023, Premier David Crisafulli \u2014 who was opposition leader at the time \u2014 raised concerns with the threshold.<\/p>\n

“Think about a decade ago what $600,000 in land value meant compared to what it is today,” he told 4BC.<\/p>\n

“This tax is now picking up the most humble of mum and dad investors and I don’t think that was the original intent of the tax.<\/p>\n

“I think Queenslanders deserve an answer as to why the threshold should remain at a level that it has been for so many years when you had massive bumps.”<\/p>\n

‘Tax by stealth’<\/p>\n

He also suggested it was a “tax by stealth” and said he thought the state should “have a look at it”.<\/p>\n

Queensland government raking in billions as land tax net widens<\/a><\/p>\n

Thousands more properties have fallen under Queensland’s land tax regime.<\/p>\n

“I think there needs to be a bit of fairness in the way it’s applied,” Mr Crisafulli said.<\/p>\n

Three years later, the government will not say whether it is considering changes to land tax thresholds.<\/p>\n

Asked about Mr Crisafulli’s 2023 comments, Treasurer David Janetzki said the government’s latest budget included no new or increased taxes.<\/p>\n

“We are not taking the easy option other governments have taken and are providing the certainty and stability Queenslanders can rely on,” he said in a statement.<\/p>\n

Push for review<\/p>\n

Real Estate Institute of Queensland (REIQ) chief executive Antonia Mercorella said her organisation still wanted the government to review the threshold and lift it in line with CPI.<\/p>\n

She described the government’s forecast revenue from land tax as a “very significant amount of money” and said the REIQ’s proposal would help address bracket creep.<\/p>\n

“We know that that threshold for land tax purposes is set at $600,000,” Ms Mercorella said.<\/p>\n

“That was established a long time ago, back in 2007, so nearly two decades ago.<\/p>\n

“I think we all know that property prices have risen very significantly over that nearly two decades now.”<\/p>\n

\"A<\/p>\n

Antonia Mercorella wants the threshold reviewed.\u00a0 (ABC Radio Brisbane: Kenji Sato)<\/p>\n

Ms Mercorella said the REIQ was not advocating for the government to abolish land tax but that a review of the threshold was long overdue.<\/p>\n

She also suggested recent changes to negative gearing rules and the capital gains tax discount in the federal budget could impact long-term land tax revenue.<\/p>\n

The budget papers note the rate of growth in land tax revenue over the next four years is set to “moderate” as land values stabilise.<\/p>\n

While growth is expected to come in at 14.3 per cent in 2025-26, it is projected to taper down to 11.7 per cent by 2029-2030.<\/p>\n

The estimated $2.7 billion the government is set to make in 2025-26 from land tax is down slightly from the $2.8 billion initially projected in last year’s budget.<\/p>\n","protected":false},"excerpt":{"rendered":"The Queensland government is on track to make almost $5 billion a year from a tax the premier…\n","protected":false},"author":2,"featured_media":46081,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21916,22,21,3220,21017,1601,2547,5670,34603,211,212,3227,34604,546],"class_list":["post-46080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-antonia-mercorella","tag-au","tag-austrlia","tag-budget","tag-crisafulli","tag-david-crisafulli","tag-government","tag-land-tax","tag-land-value","tag-qld","tag-queensland","tag-queensland-government","tag-real-estate-institute-queensland","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/46080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=46080"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/46080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/46081"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=46080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=46080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=46080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}