On this page

• Receive your 2024/2025 property tax notice of assessment via email
• The 2024-2025 property tax rates
• Selling a property subject to property tax
• Land tax implications

Receive your 2024/2025 property tax notice of assessment via email

Revenue NSW have been issuing email verification requests to property tax customers. These notifications are issued via email, SMS and post. The communication will request you to either:

• click the link in the email to verify your email address, or
• complete the property tax online enquiry form if you would like to update your details.

If you click on the link in the email or update your details via the property tax online enquiry form, you are verifying you would like to continue receiving your property tax notices digitally.

If the link in your notification has expired, please proceed to completing the property tax online enquiry form to receive your notifications via email.

The 2024-2025 property tax rates

The rates used for the calculation of property tax are indexed annually. The updated property tax rates are generally gazetted in March each year. Revenue NSW will publish the updated property tax rates by the last Friday in March each year.

There are two different rates at which property tax can be calculated:

• Owner occupied
• Not owner occupied

The rate at which your Notice of Assessment is calculated is based on the number of days you:

1. Own your property and;
2. The number of days in the year your property is used as owner occupied/not owner occupied.

Property tax is a pro-rata tax, which means it is assessed proportionately to the number of days in the year you own the property, and the use/s you have declared to Revenue NSW.

Information on the applicable rates for the 2024-2025 property tax year can be found on our property tax page.

Selling a property subject to property tax

Do you need a notice of assessment for settlement?

The 2024/2025 property tax notice of assessments will commence being issued from Monday 1 July 2024.

If you will be undertaking a property settlement in the beginning of the new financial year, (e.g. your settlement date falls in July/August), you will need to complete the property tax online enquiry form and note your settlement date in the ‘Additional information’ field, alternatively please contact us.

Property tax status certificate for sale of land

You can request a property tax status certificate by applying for a Section 47 land tax clearance certificate through one of our Client Service Providers (CSPs). The property tax status certificate will be issued in conjunction with your land tax certificate.

Please ensure applications for a clearance/status certificate are done once settlement has been scheduled. Processing times may take up to 10 business days from the request date.

At settlement, you will need to provide to the purchaser the following document/s:

• The Section 47 land tax clearance certificate which will show whether you have a land tax charge outstanding. The Section 47 certificate will also show the property tax status as:
  • OPTED IN – No property tax outstanding
  • OPTED IN – Property tax outstanding

If you have been issued a certificate with the status "OPTED IN – Property tax outstanding", and cannot afford to pay in full prior to settlement, you will also have to take your notice of assessment with you to settlement.

If your certificate shows outstanding land tax, please contact us.

Land tax implications

There may be instances where a property opted into property tax may also be subject to land tax or foreign owner surcharge. Please refer to Land Tax Implications for more information.