In 2025–26, we assessed $36.6 billion in revenue. The revenue we collect funds vital infrastructure and government services like education, healthcare and transport.
The overall revenue assessed was more than $1.6 billion over forecast and $3.1 billion over the previous year.
Table 1: Performance against forecast for 2025–26
| 2025–26 | Forecast $’000 | Assessed $’000 | Variance |
|---|---|---|---|
| Payroll tax | 9,585,015 | 10,791,372 | 12.6% |
| Mental health and wellbeing surcharge | 1,167,245 | 1,348,975 | 15.6% |
| COVID debt levy – payroll $10m+ | 1,167,245 | 1,348,939 | 15.6% |
| Land transfer duty | 10,601,187 | 10,771,634 | 1.6% |
| Land tax | 6,257,785 | 6,177,944 | -1.3% |
| COVID debt levy – landholdings | 1,170,308 | 1,149,109 | -1.8% |
| General insurance duty | 1,980,115 | 1,982,898 | 0.1% |
| Emergency services and volunteers fund | 1,566,309 | 1,523,552 | -2.7% |
| Transport Accident Commission duty | 265,762 | 265,495 | -0.1% |
| Congestion levy | 212,300 | 210,020 | -1.1% |
| Growth areas infrastructure contribution | 194,645 | 202,059 | 3.8% |
| Short stay levy | 84,487 | 92,631 | 9.6% |
| Metropolitan planning levy | 32,625 | 40,342 | 23.7% |
| Other miscellaneous duties* | - | 14,159 | N/A |
| Commercial passenger vehicle service levy | 92,644 | 92,645 | 0.0% |
| Wagering and betting tax | 355,998 | 365,709 | 2.7% |
| Casino tax | 181,837 | 189,574 | 4.3% |
| Community benefit levy | 9,920 | 10,081 | 1.6% |
| Windfall gains tax | 54,000 | 52,867 | -2.1% |
| Keno tax | 13,553 | 17,427 | 28.6% |
| Total revenue | 34,992,982 | 36,647,431 | 4.7% |
* Includes cattle compensation fund ($1,975,419), sheep and goat compensation fund ($829,288) and swine compensation fund ($72,898).
Table 2: Property taxes
| 2025–26 | Number | Revenue assessed |
|---|---|---|
| Absentee owner surcharge | 7,777 absentee owners | $473.83M |
| Foreign purchaser additional duty | 1,267 property transactions by foreign purchasers | $85.80M |
| Vacant residential land tax | 4,590 properties assessed | $98.82M |
In the 2026 VRLT assessment year, the following exemptions were granted (as at 30 June 2026):
- Holiday house: 25,658
- Ownership of property was transferred during the year: 85
- Property used for purposes of attending work: 222
- Property recently became residential land: 219.