Land tax applicable to land in the state of Tasmania.
Related companies’ holdings are grouped and one threshold applied to the aggregated values. Companies are related when they are commonly owned or controlled. See further: Grouping of Related Companies for Land Tax
Exemptions and concessions
There are a number of land tax exemptions, subject to qualifying conditions, including:
- the owner’s principal place of residence; additionally including:
- two residences owned on 1 July under transitional circumstances may be eligible for rebate – see transitional rebate
- home businesses occupying more than 50% by floor area can be exempted
- company owned property can apply to qualify as the principal residence of shareholder(s) who own at least 50% of the shares
- named beneficiaries of fixed trusts
- land used for primary production
- land used for religious, Aboriginal cultural, conservation, medical or retirement village purposes
- land owned by charities
- sporting clubs are not exempt but can apply in writing for a reduced special rate
- the 2018-19 State Budget confirmed measures to provide a 3 year land tax exemption for all newly built housing that is made available for long-term rental; and a 1 year exemption for short-stay accommodation properties made available for long-term rental within the Greater Hobart Area. The 2019-20 budget announced an extension of the measures to 30 June 2023. See further here: Who pays land tax
Land tax rates
Land tax is calculated on the land value as at 1 July each year, which is determined in Council valuation districts by the Office of the Valuer-General, and elsewhere by use of adjustment factors published by the Valuer-General annually .
The 2019-20 State Budget announced the development of a land tax surcharge to apply to foreign ownership of residential and primary production land from 1 July 2020.
Rates of Land Tax since 1 July 2010
|General land tax rates|
|$25,000||$349,999||$50 plus 0.55% of the excess over $25 000|
|$350,000 and above||$1,837.50 plus 1.5% of the excess over $350 000|
Objections to a land tax assessment must be either by letter or email and lodged within 60 days, or later if approved by the Commissioner.
More detailed information
- Tasmania’s State Revenue Office – Land Tax
- Land valuation information:- Valuation Adjustment Factors
- Objection to valuations: Information
- Objection to land tax assessment: Information
This page was last modified 2019-05-23