Michael Ferguson,Minister for Finance
To be clear, land tax rates in Tasmania have not changed and have remained the same since 2010, with the same calculation rules that were put in place by Labor when they were in Government.
The only thing that changed is that the Labor-Green Government including Cabinet Minister David O’Byrne removed the previous concession for shack owners.**
Our economy and property market are strong, which inevitably means the market value of property valuations increase. Land tax is calculated using land market values determined by the independent Valuer-General.
The Government has not increased any tax – in fact, we have provided waivers on commercial land where owners are experiencing hardship during the pandemic, providing land tax relief of up to $30 million this financial year.