Tasmania land tax rates
| Total land value | Land tax (from 1 July 2025) |
|---|---|
| $0 to $124,999 | Nil |
| $125,000 to $499,999 | $50 plus 0.45% of the value above $125,000 |
| $500,000 and above | $1,737.50 plus 1.5% of the value above $500,000 |
How Tasmania land tax works
Tasmanian land tax applies to land classified as general land on 1 July each year, such as rental properties, shacks, commercial property and vacant land. The threshold is $125,000. Land classified as principal residence land isn't taxed.
Foreign investors who bought land on or after 1 July 2022 may pay a foreign investor land tax surcharge.
Tasmania land tax at common land values
| Land value | Land tax per year | Per month |
|---|---|---|
| $400,000 | $1,288 | $107 |
| $600,000 | $3,238 | $270 |
| $800,000 | $6,238 | $520 |
| $1,000,000 | $9,238 | $770 |
| $1,500,000 | $16,738 | $1,395 |
| $2,000,000 | $24,238 | $2,020 |
| $3,000,000 | $39,238 | $3,270 |
Individual owner, general rates.
What's exempt
- Your home: your principal place of residence is exempt in every state.
- Primary production land used for farming is usually exempt.
- Other exemptions can apply to some retirement villages, charities and new build-to-rent developments.
Land tax is a deductible expense for a rental property. See how it affects your costs with the mortgage calculator, and check Tasmania stamp duty before you buy.
Common questions
What is the land tax threshold in Tasmania?
$125,000 of total land value, under the rates that apply from 1 July 2025.
How much land tax do I pay on $400,000 in Tasmania?
$50 plus 0.45% of $275,000, which is $1,287.50 a year.
Do shacks pay land tax in Tasmania?
Yes, a shack is general land and is taxable unless an exemption applies.
Land tax in other states
Estimates for general information only. Your assessment notice is final. Source: SRO Tasmania, rates of land tax.