Property investing
Land tax in Tasmania
The Tasmania land tax threshold, the full rate scale, and worked examples for an investor, checked against the State Revenue Office of Tasmania's own figures.
Key points
- Threshold: $125,000 of total taxable land value for an individual.
- On $800,000 of taxable land an individual pays $6,237.50 a year at general rates.
- Your own home is generally exempt; an investment property is not.
- Land tax is charged every year you hold the land, not once like stamp duty.
Tasmania land tax at a glance
Land tax applies once the total taxable value of the land you own in Tasmania reaches $125,000. Your home is generally exempt; the tax falls on land that isn't your home, such as an investment property. The top rate is 1.5% of the value above $500,000. (State Revenue Office Tasmania, verified 7 Aug 2026)
These are SRO Tasmania's rates from 1 July 2025, the scale it currently publishes. Land tax is charged every year you own the land, so on an investment property it is a holding cost, not a one-off cost like stamp duty.
Tasmania land tax rates
| Total taxable value | Land tax for the year |
|---|---|
| Under $125,000 | Nil |
| $125,000 to under $500,000 | $50 + 0.45% of the value above $125,000 |
| $500,000 and over | $1,737.50 + 1.5% of the value above $500,000 |
Source: the State Revenue Office of Tasmania (State Revenue Office Tasmania, verified 7 Aug 2026).
Worked examples
One owner, Australian resident, general rates, at a total taxable value of $500,000, $800,000, $1,200,000 and $2,000,000. The value is the figure after exemptions and the state's own valuation rules, not the price you paid.
| Total taxable value | Land tax | Working |
|---|---|---|
| $500,000 | $1,737.50 | $1,737.50 = $1,737.50 |
| $800,000 | $6,237.50 | $1,737.50 + 1.5% of the $300,000 above $500,000 = $6,237.50 |
| $1,200,000 | $12,237.50 | $1,737.50 + 1.5% of the $700,000 above $500,000 = $12,237.50 |
| $2,000,000 | $24,237.50 | $1,737.50 + 1.5% of the $1,500,000 above $500,000 = $24,237.50 |
The same $800,000, owned differently
| Owner | Land tax |
|---|---|
| An individual (general rates) | $6,237.50 (State Revenue Office Tasmania, verified 7 Aug 2026) |
| A foreign owner, including the surcharge | $22,237.50 (State Revenue Office Tasmania, verified 22 Oct 2026) |
How the value is worked out
SRO Tasmania taxes the assessed land value on your land tax notice, which the Valuer-General sets each year on 1 July; properties in the same land classification are added together first. (State Revenue Office Tasmania, verified 22 Oct 2026) The current table is headed "Rates from 1 July 2025" and the page does not yet mention 2026-27. (State Revenue Office Tasmania, verified 22 Oct 2026)
Your home
A principal place of residence is generally exempt, with conditions that differ by state. (State Revenue Office Tasmania, verified 7 Aug 2026) Read the exemption rules on the revenue office's own page before relying on one, especially for a home that is partly rented, owned with others or held in a trust or company.
Foreign owners, trusts and companies
A foreign investor pays a 2% surcharge on the assessed land value of the foreign-owned part of residential land bought on or after 1 July 2022, even where the value is under the land tax threshold. (State Revenue Office Tasmania, verified 22 Oct 2026)
For every state side by side, see land tax by state; for surcharges and trusts across all states, see land tax for investors.
Common questions
What is the Tasmanian land tax threshold?
Land tax applies from $125,000 of total land value under the rates from 1 July 2025.
Do foreign owners pay extra land tax in Tasmania?
Yes. A 2% surcharge on the assessed land value of the foreign-owned part of residential land bought on or after 1 July 2022, even below the land tax threshold.
Practical checklist
Before you budget for land tax in Tasmania
- Add up the taxable value of all the land you already own in Tasmania, not just the new property
- Check whether the property, or the buyer, is a trust, company or foreign person: the rates differ
- Check the principal place of residence conditions if any part of the home will be rented
- Confirm the figure with the State Revenue Office of Tasmania's own calculator or assessment before relying on it
Questions for a professional
- What will my total taxable land value in Tasmania be once this property is added?
- Does my ownership structure (individual, joint, trust or company) change the rate I pay?
- Do any exemptions or concessions apply to this land?
Official resources
Important limitations: General information only, not tax or financial advice, and not a statement of your own land tax. The worked examples use the published rate scale on a single taxable value; your assessment depends on all the land you own, exemptions, ownership shares and the valuation the revenue office uses. Amounts are shown to the cent; the revenue office's own notice decides the amount payable.
Sources and methodology
- Rates of land tax | State Revenue Office Tasmania — State Revenue Office Tasmania (retrieved 7 Aug 2026). Reuse terms: see the publisher's site
- Rate of surcharge (foreign investor land tax surcharge) | State Revenue Office Tasmania — State Revenue Office Tasmania (retrieved 22 Oct 2026). Reuse terms: see the publisher's site
- Rates of land tax | State Revenue Office Tasmania — State Revenue Office Tasmania (retrieved 22 Oct 2026). Reuse terms: see the publisher's site
Figures on this page are drawn from Delora's local knowledge graph, refreshed from these primary sources and checked for changes on a regular schedule. If a figure here looks out of date, the official source above is always the authority — please let us know.
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