Land tax is calculated on the total value of all your taxable land above the land tax threshold. For 2018 the threshold in New South Wales is $629,000.
The amount of tax paid is $100 and 1.6 per cent of the land value between the threshold and the premium rate threshold, $3,846,000, and 2 per cent thereafter.
Cash rate 1.50% (decrease of .25 in August 2016)
CPI year to December 2017 1.9% (Up from 1.8% in September)