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Latest Victoria Land Tax News

Aerial photo of a housing estate being developed in Tarneit, Victoria
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Property owners face a new tax if the value of their assets is uplifted when the government rezones nearby land. Photo: Shutterstock

Rezoning tax passes through Victorian Parliament

Victorian property owners will face tax bills from July next year if a government rezoning decision lifts the value of their property, after new legislation was passed by state Parliament.

The Windfall Gains tax was announced as part of the Dan Andrews Labor government’s 2021-22 state budget, and i…