THE Tasmanian Government expects the state's flood damage bill will peak above $100 million.
Intense storms that flooded about eight rivers, impacted thousands of residents and businesses across 18 council areas and claimed the life of one resident have eased since striking the Apple Isle on Sunday.
As locals and authorities started assessing the damage on Thursday, police were still searching for two men who were washed away.
Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten toured the state on Thursday.
The PM confirmed federal disaster assistance would be available for affected areas through the Natural Disaster Relief and Recovery Arrangements program.
Support includes hardship payments as well as repair grants and low-cost loans for small businesses, not-for-profits and primary producers.
The help will be particularly welcomed by farmers - some of whom lost entire herds.
"Every individual, every farmer is going to want a different thing," Tasmanian Farmers and Graziers' Association president Wayne Johnston told the ABC.
"I don't know that we should expect our governments to give us handouts, we just need hand-ups."
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