what is vrlt tax?

[riya]

I recently came across the term VRLT tax (Vacant Residential Land Tax), especially in relation to properties in Victoria, Australia. I'm a bit confused about what exactly it is and how it works.
Could someone please explain:

• What is the VRLT tax?
• Who needs to pay it?
• How is it calculated?
• Are there any exemptions?

I'd appreciate any examples or links to official information if possible. Thanks in advance for your help!

 

[alenaghose]

VRLT is pegged on the Capital Improved Value (CIV) value that incorporates the value of the land and the imposes added to it. CIV is applied in place of the unenhanced land value (which is normal in the regular land tax). VRLT = (1/2 +n/2n) 100 / (n-1) 2
1 percent (first year). 2 per cent (second successive year), CIV Third year and over 3%

 

[Mayank]

The Vacant Residential Land Tax (VRLT) is a Victorian tax, effective from January 1, 2018, on residential properties left vacant for over six months in a calendar year. From 2025 it applies statewide, with progressive rates—from 1% to 3% of capital‑improved value—based on consecutive years of vacancy.

 

[nikhilrajoria]

VRLT is not the usual tax terminology- check and recheck spelling or locality-specific tax codes.

 

[Emly]

The Vacant Residential Land Tax (VRLT) is a tax in Victoria, Australia, applied to residential properties left unoccupied for more than six months in a year. Starting in 2025, it applies statewide and is aimed at encouraging better use of housing. The tax starts at 1% of the property’s value and increases each consecutive year the property remains vacant.

 

[peterkavinsky]

VRLT tax typically refers to Vehicle Road and Life Tax, a one-time or periodic tax levied by some Indian states on vehicles. It is paid during the registration of a new vehicle and may vary based on the type, price, and age of the vehicle. This tax contributes to road maintenance and infrastructure development.