Queensland on track to make almost $5 billion a year from land tax

The land tax threshold has not changed since 2007. (AAP Image: Dave Hunt)

The state is expected to make about $2.7 billion from land tax in 2025-26.

While in opposition, Premier David Crisafulli referred to it as a "stealth tax" that affected "the most humble" mum and dad investors.

Queensland's income from land tax is forecast to rise by 80 per cent over the next four years.

The Queensland government is on track to make almost $5 billion a year from a tax the premier once claimed affected the "most humble" mum and dad investors.

New figures in the budget handed down in the past fortnight reveal the state is expected to make about $2.7 billion from land tax in 2025-26.

Over the next four years the government's annual revenue from the tax is forecast to climb by almost 80 per cent, to $4.8 billion by 2029-30.

While in opposition, David Crisafulli referred to land tax as a "stealth tax" that affected "the most humble" mum and dad investors. (ABC News: Luke Bowden)

Land tax revenue has grown steadily in the past decade with rising land values and is projected to make up about 10.7 per cent of state taxation this financial year.

The tax does not apply to someone's principal place of residence but can apply to investment properties.

An individual must pay the tax if the value of their land collectively exceeds a $600,000 threshold, based on the valuations set by the state's valuer general.

The threshold has remained unchanged since 2007 — and there is also a smaller $350,000 threshold for companies and trusts.

In an interview with radio station 4BC in 2023, Premier David Crisafulli — who was opposition leader at the time — raised concerns with the threshold.

"Think about a decade ago what $600,000 in land value meant compared to what it is today," he told 4BC.

"This tax is now picking up the most humble of mum and dad investors and I don't think that was the original intent of the tax.

"I think Queenslanders deserve an answer as to why the threshold should remain at a level that it has been for so many years when you had massive bumps."

He also suggested it was a "tax by stealth" and said he thought the state should "have a look at it".

Thousands more properties have fallen under Queensland's land tax regime.

"I think there needs to be a bit of fairness in the way it's applied," Mr Crisafulli said.

Three years later, the government will not say whether it is considering changes to land tax thresholds.

"We are not taking the easy option other governments have taken and are providing the certainty and stability Queenslanders can rely on," he