The magnetic tape includes a magnetic layer including ferromagnetic powder, non-magnetic powder, and a binding agent and a back coating layer including non-magnetic powder and a binding agent, in which the ferromagnetic powder is ferromagnetic hexagonal ferrite powder, an Ra measured regarding a surface of the magnetic layer is equal to or smaller than 1.8 nm, an intensity ratio of a peak intensity of a diffraction peak of a (110) plane with respect to a peak intensity of a diffraction peak of a (114) plane of a hexagonal ferrite crystal structure obtained by an X-ray diffraction analysis of the magnetic layer by using an In-Plane method is 0.5 to 4.0, a vertical squareness ratio of the magnetic tape is 0.65 to 1.00, and a logarithmic decrement acquired by a pendulum viscoelasticity test performed regarding a surface of the back coating layer is equal to or smaller than 0.060.