The invention relates to a titanium dioxide based giant dielectric ceramic material and a preparation method thereof. The general formula of the titanium dioxide based giant dielectric ceramic material is (A0.5Ta0.5)xTi1-xO2+y wt% B (x=0.01-0.1, y=1-10), A is selected from at least one of Ho, Tm, Gd, Lu, La, Al, Ga and In, and B is selected from at least one of SiO2, Al3O2, Bi3O2, B3O2, ZrO2, SrTiO3 and CaTiO3. The preparation method is a solid-phase sintering method, the method is simple, the repeatability is good, the yield is high, the frequency stability of the obtained giant dielectric ceramic material within the range of 20 Hz-5 MHz is good, the dielectric constant ranges from 103 to 105, and the breakdown field strength reaches up to 322-1985 V/cm. The method has practical application value in various electronic devices such as capacitors, dynamic memories and the like.