Land Tax in Tasmania — Rates, Thresholds & Calculator 2026
Everything you need to know about land tax in TAS for the 2025-26 financial year, including current rates, thresholds, exemptions, and surcharges.
Overview
Tasmania offers a $125,000 threshold for land tax with rates ranging from 0.45% to 1.5%. Tasmania does not impose a foreign owner surcharge, making it one of the more straightforward states for land tax.
The general threshold from 1 July 2025 is $125,000. Land valued below this amount is exempt from land tax. Marginal rates apply above the threshold.
| Land Value From | To | Marginal Rate |
|---|---|---|
| $0 | $124,999 | Nil |
| $125,000 | $499,999 | 0.45% |
| $500,000 | and above | 1.5% |
How Land Is Valued in TAS
Tasmania uses the assessed land value as determined by the Valuer General. This is the unimproved value of the land, excluding buildings and other improvements. Valuations are conducted periodically, typically on a six-year cycle with annual adjustments in between.
Revenue Body
State Revenue Office Tasmania
Assessment Date
1 July each year. Ownership on this date determines your land tax liability for the current financial year.
Aggregation Rules
All taxable land owned in Tasmania is aggregated under a single assessment. If you own multiple investment properties, their land values are combined to determine the total taxable amount and the applicable marginal rate.
Exemptions
- Principal place of residence (PPOR)
- Primary production land
- Charitable and religious land
- Public hospitals and benevolent institutions
- Land below the tax-free threshold
Surcharges
Foreign Owner Surcharge
Tasmania does not impose a foreign owner surcharge. Foreign and domestic investors pay the same land tax rates.
Other Notable Rules
Tasmania's land tax is relatively straightforward compared to mainland states. There are no absentee surcharges, trust surcharges, or vacant property taxes. However, the state does apply different rates for companies and trusts, which have a lower threshold of $25,000.
Land Value
$300,000
State
TAS
Annual Land Tax
$838 per year
Calculation
$300,000 is in the $125,000 to $499,999 band. Tax = $50 + (($300,000 - $125,000) x 0.45%) = $837.50.
Tasmania's property market has undergone significant growth since 2020, with Hobart recording some of the strongest capital gains in the country. As land values have increased, more investors have crossed the $125,000 threshold. However, the state's rates remain modest compared to Victoria and NSW, and the absence of surcharges keeps the overall tax burden low.
For investors considering Tasmania, the combination of affordable entry prices, no foreign surcharge, and low land tax rates makes it an attractive option. Regional areas like Launceston and Devonport offer even lower land values, meaning many regional investment properties may still fall below the $125,000 threshold.
Frequently Asked Questions
What is the land tax threshold in Tasmania?
The land tax threshold in Tasmania from 1 July 2025 is $125,000. If the total assessed land value of all your taxable land in Tasmania is below this threshold, no land tax is payable. Above this threshold, marginal rates apply starting at $50 plus 0.45% of value above $125,000.
Does Tasmania have a foreign owner surcharge?
No. Tasmania does not impose a foreign owner surcharge on land tax. Foreign investors pay the same rates as domestic investors. This, combined with relatively affordable land values, makes Tasmania competitive for overseas buyers.
How often is land valued in Tasmania?
Land in Tasmania is revalued by the Valuer General on a six-year cycle, with annual adjustments applied between full revaluations. The assessed land value appears on your council rates notice and is the basis for land tax calculations.
What is the top land tax rate in Tasmania?
The top marginal land tax rate in Tasmania is 1.5%, which applies to the portion of total taxable land value above $500,000. This is one of the lower top rates in Australia, making Tasmania relatively affordable for investors with large land portfolios.
Calculate Your TAS Land Tax
Enter your total taxable land value and get an instant calculation of your Tasmania land tax liability. Compare with other states to see where your money goes furthest.
Related Calculators & Guides
Land Tax by State
Information is for the 2025-26 financial year and is general in nature. Rates, thresholds, and surcharges may change. Land tax rules are complex and depend on your specific circumstances including ownership structure, property use, and residency status. Always consult a qualified tax professional or your state revenue office for advice specific to your situation.