Victorian Labor
Party policy · State taxes
Restore the land tax threshold to $300,000
Sourced, pending editorial review. Policies are summarised from each party's official material and independent sources captured on 10 November 2026. Summaries were compiled by automated research and have not yet been checked by a human editor — open the cited source to confirm.
What is being promised
Progressively raise the land tax-free threshold from $50,000 to $300,000 of land value over six years.
How it is intended to work
Changes to the general land tax threshold.
Who may be affected
- Owners of investment and other taxable land
- Announced cost
- Not stated in the captured passage
- Funding mechanism
- Not stated in the captured passage
- Proposed timeline
- Over six years
- Says it will restore the threshold from $50,000 to $300,000 over six years.
- The PBO notes the current general land tax-free threshold is $50,000, and that Victoria has the highest property-tax burden relative to its economy.
Important uncertainties
- No published Parliamentary Budget Office costing was found as at 10 Nov 2026.
Positions on key approaches
The land tax-free threshold should be raised back to $300,000.
Supports. Restore to $300,000 over six years.
Payroll tax should be reduced for businesses.
No documented position. No position found in captured sources.
New or higher taxes on large corporations or the very wealthy should fund services.
No documented position. No position found in captured sources.