Rates current as at 2026-08-03
Tasmania Land Tax Calculator - and the year you'll cross the threshold
Tasmania taxes General Land - rentals, shacks, commercial - from $125,000 of assessed land value as at 1 July. $50 plus 0.45% at the bottom, 1.5% above $500,000.
- Rates verified
- 2026-08-03
- Source
- SRO Tasmania
- Threshold
- $125,000
Your land holdings
Land tax this year (general rates)
$838/yr
$300,000 taxable land value is $175,000 over the $125,000 threshold.
The crossing year
You're already over the threshold.
Classification is locked at 1 July - if the property is a rental on that date, land tax applies for the whole financial year with no mid-year refund.
Land tax is one line of the deal. The full audit carries it through every year of the projection, including the year the threshold is crossed.
Deal Auditor - in build, not yet available
General rates and threshold (SRO Tasmania source). Foreign investors pay a 2% surcharge on residential General Land acquired from 1 July 2022 with no threshold - not modelled here. Estimates only - confirm your assessment with SRO Tasmania.
How Tasmania land tax works
Tasmania assesses land tax on the combined assessed land value of your General Land as at 1 July - principal residence and primary production land are zero-rated. The scale is short: nothing below $125,000, then $50 plus 0.45% of the excess, then $1,737.50 plus 1.5% of everything above $500,000. The 1 July snapshot matters: whatever the classification on that day sets the bill for the whole year.
The threshold looks generous next to Victoria's $50,000, but Tasmanian land values have moved quickly and the 1.5% upper rate arrives at just $500,000 - low by mainland standards. Two modest rentals can put you well into it. Our Deal Auditor models land tax inside the full 10-year projection - this page is the standalone Tasmanian check.
Land tax is the holding cost - the purchase-day tax is stamp duty, and Tasmania has its own scale for that too: the Tasmania stamp duty calculator shows what the same property costs on the way in.
Frequently asked questions
How is land tax calculated in Tasmania?
On the combined assessed land value of all your General Land - rental properties, holiday shacks, vacant and commercial land - as at 1 July each year. Below $125,000 there is no tax; from $125,000 it is $50 plus 0.45% of the excess, and above $500,000 it is $1,737.50 plus 1.5% of the excess. A $300,000 holding pays $837.50 a year.
What is the Tasmanian land tax threshold?
$125,000 of assessed land value, raised from $100,000 on 1 July 2024. Land tax starts at exactly $125,000 with a $50 base charge. The steeper 1.5% rate cuts in above $500,000 - a $600,000 holding pays $3,237.50 a year.
Is my home exempt from Tasmanian land tax?
Yes - land classified as Principal Residence Land is zero-rated, as is Primary Production Land. The tax falls on General Land only. Classification is fixed at 1 July: move into your rental in August and land tax still applies for that entire financial year.
Does Tasmania have a foreign owner surcharge?
Yes - foreign investors pay an extra 2% of the assessed land value on residential General Land acquired on or after 1 July 2022, with no tax-free threshold. It applies even where the holding is too small to attract ordinary land tax.
Is this an official assessment?
No - it is an estimate from the rates published by the State Revenue Office of Tasmania, current as at the date shown. Your assessment depends on Valuer-General values and how your land is classified. Confirm with the SRO or the Tasmanian Revenue Online calculator.