Victoria Valley is a rural locality in the local government area of Central Highlands in the Central region of Tasmania. It is located about north-west of the town of Hamilton.
Victoria Valley was gazetted as a locality in 1973.
The 2016 census determined a population of 11 for the state suburb of Victoria Valley. At the , the population had increased to 18.
The Ouse River forms the north-eastern boundary.
The C173 route (Victoria Valley Road) enters from the south-east and runs through to the south-west, where it exits. Route C177 (Bashan Road) starts at an intersection with C173 and runs north through the locality before it exits.