ACT property owners pay rates to provide funding for a wide range of municipal and other essential services to the ACT community. Under the Rates Act 2004, "owner" includes the registered proprietor of a parcel of land, a mortgagee in possession or a person holding the parcel of land under a sublease from the Territory. Rates assessment notices are sent to property owners annually, enabling rates to be paid either annually or quarterly. Pensioners and people suffering hardship may apply for a rebate or deferral.
Land tax is a general revenue measure that is used by the Government to provide a range of essential services to the ACT Community. Land tax is imposed under the Land Tax Act 2004 The marginal rates used to calculate land tax are determined under the Taxation Administration Act 1999. If you own a residential property that is rented, you are liable for land tax on that property. This also applies to boarding houses and multiple dwellings, including dual occupancies and granny flats that are rented. Rent can include cash, services or any other valuable consideration earned in respect of a property for which any form of tenancy arrangement exists.
For more information visit the ACT Revenue Office website.
