Changes for 2022-23
General Rates & Levies
From 1 July 2022, there will be changes to general rates and fire and emergency services levy (FESL) charges.
See www.revenue.act.gov.au/rates.
Rates will increase in 2022-23, in line with the ACT Government's tax reform program. The increase in average residential and commercial rates is 3.75%.
Marginal and fixed rating factors are also adjusted for changes in average unimproved values as at 1 January 2022.
See www.revenue.act.gov.au/rates/valuations.
The safer families levy (SFL) is increased by $5 to $40. See www.revenue.act.gov.au/levies/safer-families-levy.
Conveyance Duty* and Concessions
*Also known as Stamp duty
For residential owner occupiers, the base rate of duty has been reduced and the property value threshold increased.
See www.revenue.act.gov.au/duties/conveyance-duty.
- For an eligible owner occupier transaction, a reduced rate of duty of $0.60 applies to every $100, or part thereof, for properties with dutiable amount less than or equal to $260,000.
- The benefit is available for eligible owner occupier transactions with dutiable amounts up to $1,455,000.
- For non-eligible owner occupier transactions, the rates of duty remain unchanged.
- A reminder also of the 1 April 2022 change to the off-the-plan unit owner occupier duty concession. There is no stamp duty on off-the-plan unit (unit-titled apartments and townhouses) owner occupier purchases up to $600,000 (previously $500,000).
See www.revenue.act.gov.au/home-buyer-assistance/owner-occupier-duty-concession.
The commercial conveyance duty tax free threshold is increased by $100,000 to $1,700,000.
See www.revenue.act.gov.au/duties/conveyance-duty.
For the Home Buyer Concession Scheme:
- The base income threshold for all eligible home buyers and their domestic partners (if any) is increased by $10,000 to $170,000.
- The benefits are capped at the amount of duty payable on a $1 million transaction for an owner occupier (since 1 July 2021).
- Nil duty is payable for property with a dutiable value of up to $1 million.
- From 1 July 2022, the value of the concession is capped at $34,790, reduced with the lower duty payable on owner occupier transactions up to $1 million from that date.
See www.revenue.act.gov.au/home-buyer-assistance/home-buyer-concession-scheme.
The Pensioner Duty Concession Scheme thresholds and concessional rates are updated.
See www.revenue.act.gov.au/home-buyer-assistance/pensioner-duty-concession.
The Disability Duty Concession Scheme property value threshold is increased to $1 million from $750,000.
See www.revenue.act.gov.au/home-buyer-assistance/disability-duty-concession-scheme.
The property value threshold for duty deferral for persons who would have been eligible for the First Home Owner Grant (ceased) has increased to $1 million from $750,000. See www.revenue.act.gov.au/home-buyer-assistance/deferred-duty.
Motor Vehicle Duty – Zero Emissions Vehicles
As part of the ACT Government’s Zero Emissions Vehicle Strategy, nil motor vehicle duty is payable for buyers of used ZEVs (electric vehicles and hydrogen vehicles) purchased on or after 1 August 2022. Purchases of new ZEVs (including motorcycles) are not subject to motor vehicle duty. See www.revenue.act.gov.au/duties/motor-vehicle-duty.
Land Tax
From 1 October 2022, the land tax fixed charge is increased to $1,462. Marginal rating factors are unchanged. See https://www.revenue.act.gov.au/calculating-land-tax.
Betting Operations Tax
The determined rate for the Betting Operations Tax is increased to 20 per cent (from 15 per cent) from 1 July 2022. See www.revenue.act.gov.au/betting-operations-tax
Certificate and Statement Fees
The fee to obtain a certificate of rates, land tax and other charges is $128 (increased from $124, based on a Wage Price Index of 3.25 per cent). See www.revenue.act.gov.au/rates.
Land Rent
The gross income threshold amount for pre-1 October 2013 leases is set at $115,300 (increased from $109,300, based on the relevant percentage of 5.45 per cent). See www.revenue.act.gov.au/home-buyer-assistance/land-rent-scheme.
Prior year changes - Summaries
| The information on this page is current as at 29 September 2022. |