frequently asked questions

Q: What happens with rates and land tax at settlement?

Whether you are buying or selling, Council rates and land tax (and body corporate fees if the property is a unit) are apportioned at settlement.

This means that the seller will pay all Council rates and land tax assessed on the property up until the date of settlement, and the purchaser will pay the Council rates and land tax from the date of settlement until the end of the current financial year.