Queensland's uncompetitive tax system must be reviewed as a matter of urgency to help boost the construction sector, the Property Council says.

The council released its "Three Keys to Unlock Queensland's Engine Room" campaign on Friday, aimed at reforming the state's planning, tax and infrastructure laws.

Property Council Queensland executive director Kathy Mac Dermott says the state's current tax system is uncompetitive compared with other states.

"The state's reliance on the property sector as the major source of tax revenue - 29.2 per cent of the total in 2010-11 - has led to the creation of an inequitable and inefficient taxation system, requiring critical reform," Ms Mac Dermott said.

"A whole-of-state tax review (would) deliver a strategic state tax modernisation program that provides a competitive tax environment for business."

Ms Mac Dermott also called for a review of the state's planning laws, and dedicated programs to guide investment and infrastructure growth.

Acting Treasurer Jeff Seeney says the government has already started reviewing the state's tax system.

Mr Seeney said since gaining office the government has reintroduced stamp duty concessions and increased the payroll tax threshold to $1.6 million over six years.

"And we have scrapped sustainability declarations as part of our plan to reduce the onerous red tape involved in buying and selling a property," he said in a statement.

"The Commonwealth Grants Commission's 2012 update showed Queensland's tax system is competitive."

He said land tax was 20 per cent lower than the national average and transfer duty was 12 per cent lower.

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