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Department of Treasury and Finance
Rates of Land Tax
 
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Land Tax is calculated on the Assessed Land Value as shown on your assessment notice.  This is based on the Land Value, which is determined annually by the Valuer-General by either of two methods:

    1. In Municipalities where a fresh revaluation is undertaken, the new Land Values are determined and a Notice of Valuation is sent to the property owner.  At 1 October 2008, fresh revaluations were undertaken for nine Municipalities and these new Land Values are effective from 1 July 2009. Generally, approximately a third of Tasmania is revalued every two years.

    2. In non-revaluation Municipalities, Adjusted Land Values are assessed using market based Adjustment Factors.

The rate of land tax increases with the total value of land owned.

Land tax is not charged on some properties - see Who pays land tax for more information.

Your land lax assessment notice provides information on your Assessed Land Value and on the land tax you owe.  If you have not yet received your notice, you can calculate the land tax you will have to pay in the current financial year. Please note: the Adjusted Land Value is calculated annually and updated on 1 July each year.

Please do not pay your land tax until you receive the official land tax assessment notice or you sell your property.  When you sell or transfer your property, you must pay any unpaid land tax and you will need to obtain an Estimate of Liability at Settlement Date (EOLSD) to determine how much, if any, you need to pay.

Land Tax Rating Act 2000 - Schedule 1, Rate of land tax

Land value
Rate of tax
Less than $25,000
Nil
$25 000 to $349 999
$50 plus 0.55% of value above $25 000
$350 000 to $749 999
$1 837.50 plus 2% of value above $350 000
$750 000 and over
$9 837.50 plus 2.5% of value above $750 000

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