Land Tax Calculator Tasmania
Tasmania assesses land tax annually on the aggregate unimproved value of all Tasmanian land you hold at midnight on 1 July.
Your TAS land holding
The unimproved (site) value of ALL investment land you hold in TAS. PPOR excluded.
Trusts and companies face different thresholds in NSW, VIC, and QLD.
TAS annual land tax
$963
TAS general land tax ($125,000+ threshold)
You'll pay this every year
Land tax is an annual deductible expense, and it climbs as you add TAS property. Vestly aggregates your land values automatically, flags threshold cliffs before they hit, and files land tax into your EOFY deduction pack.
Track land tax across your portfolioStart a 7-day free trial, $0 today. Then $9.90 per active property a month, GST included. Cancel anytime.
How TAS land tax works
The State Revenue Office Tasmania (SRO Tas) administers Tasmanian land tax. Tasmania raised its general threshold from $100,000 to $125,000 effective 1 July 2024 (Revenue Tasmania FY 2024-25 budget measure), pulling many smaller investor holdings out of the net.
Threshold
$125,000 (raised from $100,000 on 1 July 2024).
Assessment date
Midnight on 1 July each year
Tasmania land tax brackets (FY 2025-26)
| Taxable land value | Annual tax |
|---|---|
| $0 - $125,000 | Nil |
| $125,001 - $499,999 | 0.55% of value over $125,000 |
| $500,000 - $999,999 | $2,062.50 + 1.15% over $500,000 |
| $1,000,000+ | $7,812.50 + 1.5% over $1,000,000 |
Source: State Revenue Office Tasmania - land tax rates
Worked example
A Tasmanian investor holding $300,000 of aggregate unimproved land value in TAS pays approximately $963 in annual TAS land tax (individual schedule, no foreign-owner surcharge).
PPOR (main residence) exemption
Your PPOR is exempt from Tasmanian land tax. Primary production land is also exempt if it satisfies the genuine farming test.
Trusts, companies, and SMSFs
Tasmania applies the same schedule to individuals, companies, and trusts. Aggregation applies by ownership; joint owners each have their proportional share counted.
Foreign-owner surcharge
A 2% Foreign Investor Land Tax Surcharge applies to residential land held by foreign persons in Tasmania.
Due dates and how to pay
Notices issue from October. Pay in one lump or 3 instalments. SRO Tas accepts BPAY and direct debit.
Common questions
How is TAS land tax calculated for a $300,000 investor land value?
Above the $125,000 threshold: 0.55% of ($300,000 - $125,000) = $962.50 per year.
Did Tasmania really raise the land-tax threshold in 2024?
Yes - from $100,000 to $125,000 effective 1 July 2024 (FY 2024-25 budget measure). The change saved smaller investors hundreds of dollars per year.
When is TAS land tax assessed?
On 1 July each year (start of the financial year). Most other states use 31 December or 30 June - Tasmania is unusual.
Does Tasmania have a foreign-owner surcharge?
Yes - 2% on residential land held by foreign persons, on top of the general schedule. Lower than NSW (5%) or VIC (4%).
Are short-stay holiday rentals taxable in Tasmania?
Yes - if the property is not your PPOR (you stay elsewhere most of the year), it counts as taxable investment land. Tasmania has been actively tightening short-stay rules including a new short-stay levy.
When is TAS land tax payable?
Notices issue October; pay in one lump or 3 instalments through to April. BPAY and direct debit available.
Investing across multiple states?
Land tax is assessed per state, with different thresholds, rates, and surcharges. Compare all 8 jurisdictions side-by-side on the National Land Tax Calculator page.
Verified May 2026. Source: State Revenue Office Tasmania. Indicative. Land tax is assessed by State Revenue Office Tasmania based on unimproved capital value. This calculator is not financial advice.
Track TAS land tax across your portfolio
Vestly aggregates your TAS land values automatically as you add properties, surfaces threshold cliffs before they hit, and flags surcharge eligibility. $9.90 per active property a month, GST included.
Start free trialStart a 7-day free trial, $0 today. Then $9.90 per active property a month, GST included. Cancel anytime.