FAQs
Stamp duty in Tasmania is calculated on a sliding scale according to your property value.
The table below shows the rates for owner-occupied properties.
The above will not apply for investment properties. If you are a first home buyer, you may be eligible for additional concessions.
Transfer registration fees, also known as transfer fees, are required to register the transfer of titles. In Tasmania, this is a flat fee of $233.18.
Mortgage registration fees are also required if you are financing your purchase with a home loan. This is also a flat fee, which is $152.19.
These numbers are current as of July 2023, and will remain in place for the 2023-2024 financial year.
Yes, Tasmania has a first home buyer concession, for established properties up to $600,000. This reduces your stamp duty by 50%.
The eligibility criteria are:
- It must be an established home
- The property must be valued at $600,000 or less
- The property must be purchased between 1 January 2022 and 30 June 2023
- At least one applicant must be an Australian citizen or permanent resident
- You must be at least 18
- You (and your partner, if you have one) must not have owned property in Australia
- You must live in the property as your primary residence for 6 months continuously, within 12 months of purchase
- You must not have received the First Home Owners Grant in any state or territory of Australia.
Tasmania has a foreign purchaser duty surcharge, calculated as 8% of the property value.
You are not considered a foreign owner if you are any of the following:
- an Australian citizen
- a permanent resident
- a New Zealand citizen with a special category visa.
In Tasmania, if you are a foreign owner jointly purchasing with your non-foreign owner partner, you may be exempt from paying the foreign owner duty. This requires the home to be an existing home, and to be a primary place of residence within 6 months of purchase. Different criteria applies for vacant land.
Please note that you may be subject to other costs, in addition to this duty surcharge.
The calculator on this website is provided for your information only and is to illustrate scenarios. The calculator results are intended as a guide only and are an estimate or approximate guide only, based on the information you input. The calculator should not be relied upon for the purposes of entering into any legal or financial commitments.
The results should not be taken as a substitute for professional advice, and do not constitute professional advice. You should consider seeking independent legal, financial, taxation or other advice for your unique circumstances.
All reasonable care has been taken in preparing and designing the calculator; however, OwnHome Services Pty Ltd provides no warranties and makes no representation that the information provided by the calculator is correct, appropriate for your particular circumstances, or indicates you should follow a particular course of action. Calculations are for buying owner-occupied homes, and do not apply to land nor to investment properties. Other fees and charges may also apply.
OwnHome Technologies Pty Ltd is a related body corporate of OwnHome Services Pty Ltd ACN 664 492 059, ABN 77 648 597 184, which is a corporate authorised representative (#547794) of Allied Financial Consulting Pty Ltd, ACL 393845.