Victorian Government Introduces New Land Tax As Part Of ‘COVID-19 Debt Recovery Plan’

The Victorian Government is taking a number of measures to pay off its COVID-19 debt.

Victorian Deputy Premier Jacinta Allan addresses the media during a press conference in Melbourne, Australia, Dec. 29, 2020. AAP Image/James Ross

The Victorian Government has just introduced a new land tax in 2024 that is set to affect more than 800,000 Victorians.

The tax was introduced in May 2023 as a means of paying off the substantial level of debt accrued by the Victorian Government throughout the COVID-19 pandemic.