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Stamp Duty Calculator Tasmania
Stamp Duty Calculator Tasmania
Written by
Tina Sendin
Edited by
Ellie Garran
Reviewed by
Sam HymanCompare home loans the easy way
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What is stamp duty?
Long story short
Stamp duty in Tassie is a tax you pay on property
It’s calculated on a sliding scale based on the property’s value, and it’s often one of the bigger upfront costsyou’ll face besides the house itself.
First home buyers can get a full exemption on duty
If you’re buying an established home for $750,000 or less, you can slash your stamp duty to nil – at least until 30 June 2026 where the transfer (settlement) completes during the eligible period.
Other exemptions exist for personal relationships
Transferring the family home between partners in a marriage or significant relationship may be exempt in certain circumstances (for example, where it’s the parties’ principal place of residence and they hold it as joint tenants or tenants in common in equal shares).
What is stamp duty?
In the fine land of Tasmania, stamp duty is also known as property transfer duty and is orchestrated by Tassie’s State Revenue Office under the Duties Act 2001. They call it ‘acquiring an interest in property’, but we know it as snagging yourself a piece of real estate, buying a house, and so on. You also might hear the phrase ‘dutiable value’, which is the price you paid for the property or its market value, whichever is greater, and may include GST where it forms part of the consideration.
If you’re keen to find out how much stamp duty you might need to pay for a property, feel free to use our calculator.
How much is stamp duty in Tasmania?
Stamp duty is a progressive tax, meaning you’ll pay a higher rate for bigger purchases. This is based on the purchase price or the market value of the property, also known as its ‘dutiable value’.
For a breakdown of the standard transfer duty rates, we can turn to the table below.
Standard transfer duty rates in TAS
| Value of the property | Duty payable |
| Not more than $3,000 | $50 |
| More than $3,000 but not more than $25,000 | $50 plus $1.75 for every $100, or part, by which the dutiable value exceeds $3,000 |
| More than $25,000 but not more than $75,000 | $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25,000 |
| More than $75,000 but not more than $200,000 | $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75,000 |
| More than $200,000 but not more than $375,000 | $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200,000 |
| More than $375,000 but not more than $725,000 | $12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375,000 |
| More than $725,000 | $27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725,000 |
Source: State Revenue Office Tasmania – Rates of duty
Let’s try and put our maths skills to work. Say you’re eyeing a property valued at $500,000. Based on the table, your stamp duty is $18,247.50.
How to calculate stamp duty for a $500,000 property
$500,000 (value of the property) – $375,000 = $125,000
Divided by 100 = $1,250
Multiplied by 4.25 = $5,312.50
Added to $12,935 = $18,247.50
What property types does stamp duty apply to in Tasmania?
Stamp duty is payable in Tassie when buying (or receiving) a property like:
- a home
- a holiday house
- an investment property
- vacant land
- a commercial property
- a farm
- any business that has land or an interest in land.
Do first home buyers have to pay stamp duty in Tasmania?
If you’re looking to break into the property market in Tassie (and you’re buying an established home for $750,000 or less), we have good news. You can get as much as a 100% exemption on property transfer duty. All purchasers must be natural persons and not have previously owned a home anywhere in Australia or received a First Home Owner Grant. At least one purchaser must be an Australian citizen or permanent resident.
This exemption has been up from 50% since 18 February 2024, and eligible home buyers on their first rodeo can continue to enjoy this full discount until 30 June 2026.
Eligible transferees must occupy the purchased home as their principal place of residence for six months, within 12 months of acquiring the property.
Are there other stamp duty exemptions or concessions in Tasmania?
Personal relationships duty exemption
For the lovebirds, there’s a nice little deal called the personal relationship duty exemption, like a cupid’s arrow for buying property. Those in a marriage, significant relationship, or caring partnership who are transferring the love nest to their other half get some slack on the duty front.
You and your sweetheart can dodge the duty hassle if you’re swapping a home and planning to hold it together as joint tenants or tenants in common with equal shares.
Off the plan apartment or unit duty exemption
You might be eligible for a 50% reduction in property transfer duty, if you meet the concession criteria (including contract date requirements). his applies to eligible transactions for a strata property – or one that’s part of a shared complex, like apartments or units – that haven’t been built or occupied yet. Eligible contracts entered into between 1 July 2024 and 30 June 2026 (inclusive) may qualify. It’s a great way to save some cash while planning your dream home.
Intergenerational rural transfer (family farm) exemption
Keeping the family farm in the family? You could be exempt from property transfer duty when transferring primary production land to relatives or certain trusts and companies involving relatives. It’s a win for keeping the farm in the bloodline, and potentially saving on costs.
Helpful tip
It’s worth having a good, solid chat with your mortgage broker, solicitor, or conveyancer about stamp duty. Aside from how much it might set you back, it’s also good to know if you’re eligible for any exemptions, concessions, or grants, and the crucial timelines.
Stamp duty can cost tens of thousands of dollars, so it’s worth factoring this into your budget (not just your deposit) so there are no nasty surprises when it’s go time with your property purchase.
Sam Hyman
General Manager – National Sales, Aussie
What other fees might I need to pay besides stamp duty in Tasmania?
Stamp duty’s a biggie, but it’s not the only cost you’ll face when buying property in Tassie. Here are a few others to keep in mind.
- Lenders mortgage insurance (LMI): If you borrow more than 80% of the property’s value (often a deposit under 20%), you may have to pay LMI. It’s a safety net for them, but it can add up quickly for you.
- Loan application fees: Some lenders charge a fee to set up your home loan. It’s worth shopping around to see who might be offering fees that are a bit lighter on the wallet.
- Conveyancing or solicitor fees: You might need a legal eagle to handle the paperwork and make sure everything’s above board. But it does come with a cost – like a few thousand dollars.
- Building and pest inspections: To be honest, it’s not worth skipping these! They can help you avoid nasty surprises like termites or dodgy wiring.
- Registration fees: The government charges a fee to register the transfer of the property title and your mortgage. For example, Land Titles Office fees (from 1 July 2025) include $250.21 to lodge a memorandum of transfer.
Buying a home is a big deal, so make sure you’ve got all these costs factored in to avoid any last-minute surprises.
Frequently asked questions
When is stamp duty payable in Tasmania?
Stamp duty is a one-time payment that is required within three months of the date of the dutiable transaction (usually the date of settlement).
Do foreign buyers have to pay stamp duty in Tasmania?
Since 1 April 2020, the rate of additional duty in Tasmania has been 8%. This means for foreign purchasers, an additional duty is payable when purchasing residential property, whether you’re an individual, corporation, or trust. If you’re buying primary production property, your additional duty is just 1.5%.
Can I get a home loan that covers stamp duty?
Stamp duty usually isn’t included in the loan amount, but it may be possible depending on the lender and your LVR/serviceability.
Is stamp duty tax deductible in Tasmania?
Nope, sorry! Stamp duty isn’t tax deductible in Tassie (or anywhere else in Australia, for that matter). But here’s the silver lining: it’s considered part of your property’s cost base. That means when you eventually sell your home, if your sale is not exempt from capital gains tax, it can help reduce the capital gains tax you might have to pay if you make a profit.
So, while it’s not a win now, it could save you some cash down the track!
Where can I find and compare home loans?
If you’re looking to buy a home, but haven’t found the right loan yet, then there’s no time like the present to get searching! We’ve partnered with Aussie to make things a little bit easier for you. Weigh up your options with our comparison tool and choose from a range of different providers.
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