Tasmanian land tax rates for 2026-27
One scale for every owner. Each bracket starts at the value shown, and the tax is rounded to the nearest 10 cents.
| Land value | Land tax |
|---|
| $0 to $124,999 | Nil |
| $125,000 to $499,999 | $50 plus 0.45% of the value over $125,000 |
| $500,000 or more | $1,737.50 plus 1.5% of the value over $500,000 |
Assessed land value
Tasmania doesn't revalue every property every year. Between revaluations the land value is multiplied by a land adjustment factor, which is set each year and can be looked up for your property on theLIST. The result is the assessed land value the tax is charged on. Your land value is shown on your land tax notice.
The 2% foreign investor surcharge
Foreign persons who bought residential land on or after 1 July 2022 pay an extra 2% of its assessed land value every year, on top of land tax and even when the land is under the threshold. On $450,000 of land that's $9,000 on top of $1,512.50.
The test is about citizenship and visas, not where you live: Australian citizens, permanent visa holders and New Zealand citizens on a special category visa are not foreign persons. Land bought before 1 July 2022, principal residences and primary production land are outside the surcharge.
What's exempt
Your principal residence and primary production land. Companies and trusts pay the same rates as individuals, and related companies are grouped together.
Questions people ask
What is the land tax threshold in Tasmania for 2026-27?+
$125,000 of assessed land value. From there it's $50 plus 0.45% of the value above $125,000, rising to $1,737.50 plus 1.5% from $500,000.
How much is land tax on $450,000 in Tasmania?+
$1,512.50 a year: $50 plus 0.45% of the $325,000 above the threshold. On $800,000 it's $6,237.50.
What value is Tasmanian land tax based on?+
The assessed land value: the Valuer-General's land value multiplied by a land adjustment factor that's set each year, to keep values current between revaluations.
When is land tax charged in Tasmania?+
On the land you own at the start of the financial year, 1 July, based on how the land is classified that day.
What is the foreign investor land tax surcharge?+
An extra 2% of the assessed land value a year on residential land bought from 1 July 2022 by foreign persons, on top of land tax and even below the threshold. You're a foreign person unless you're an Australian citizen, a permanent visa holder or a New Zealand citizen on a special category visa, wherever you live.
Do companies and trusts pay different rates in Tasmania?+
No, the same scale applies to every owner. Related companies are grouped and assessed as one.
Is my home exempt?+
Yes. Land used as your principal residence and primary production land aren't taxed. The foreign surcharge doesn't apply to them either.
Sources