The NT Government is working with industry to encourage the revitalisation of the Darwin CBD through innovative land use.
As part of this, the Government is introducing a Property Activation Levy from 1 July 2019. A rate of 1% will be levied on buildings which have a more than 50 per cent vacancy rate, and a rate of 2% will be levied on vacant land, based on the unimproved capital value.
Property owners are encouraged to consider innovative ideas to activate and beautify their property and ensure the levy does not apply to them.
There are many different ways that vacant or derelict sites can be improved in the short term. The attached Activation and Beautification Information provides a guide for owners about the levy and how to activate their property.