Victorian homeowners will be hit with the heaviest property tax in Australia from the 2023-2024 financial year onward as the state Labor government carries out its COVID-19 debt repayment plan.
According to a new report by the Victorian Parliamentary Budget Office, Victorians will need to pay an estimated property tax (land transfer duty plus land tax) of $2,000 (US$1,336) per person in the current financial year, followed by New South Wales (NSW) and Queensland residents at around $1,800 and $1,300, respectively.
