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Use our Stamp Duty Calculator to work out how much you might have to pay.
Stamp duty is a general tax that you need to pay when buying a home or transferring property to your name in the Northern Territory.
It’s a tax that’s imposed in every Australian state and territory, but the exact legalities can vary across the country.
It’s also one of several costs that are commonly associated with purchasing a home.
Similar to income tax, stamp duty is calculated on a sliding scale, rather than as a set percentage or flat fee.
It’s calculated based on the “dutiable value” of a property, otherwise known as the purchase price or the property’s value, whichever is greater.
Other factors, such as location and the property’s intended usage can also affect the amount of stamp duty payable.
In the Northern Territory, there are four different price brackets that determine how much stamp duty you would need to pay.
If the property you’re purchasing is less than $525,000, then there’s a formula that’s used to determine your stamp duty cost.
But if you’re buying a property that costs more than $525,000, then your stamp duty cost will be calculated based on a percentage of your property’s value.
The table below summarises the values listed under Northern Territory Government legislation. Below you can see the formula and range for how stamp duty is calculated in the NT.
Property value |
Stamp duty payable |
Up to $525,000 |
(0.06571441 x V) + 15V, where V is 0.1% of the property’s value |
$525,000 to $3,000,000 |
4.95% of the property value |
$3,000,001 to $5,000,000 |
5.75% of the property value |
More than $5,000,000 |
5.95% of the property value |
In the NT, you typically need to pay stamp duty within 60 days of settlement. It’s a cost that needs to be paid upfront and cannot be paid in increments as a part of mortgage repayments.
You generally won’t be required to pay stamp duty if the property transferral is due to the passing of the owning, a relationship/marriage breakup, or if ownership of the property is being transferred between married or de facto couples.
Yes, you would typically be required to do so, unless you are exempt due to one of the following circumstances:
For more information, please visit the Northern Territory Government website.
On top of paying for your stamp duty, there are many costs associated with buying a home. Make sure you budget for the items listed below.
If you’re buying a home, you may also be on the lookout for a home loan provider.
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Updated last: 10/06/2022