Stamp Duty Tasmania (Tas)

What is Stamp Duty Tasmania?
Duty Tasmania (previously known as “Stamp Duty Tasmania”) is a form of taxation charged by the State Government of Tasmania, under the Duties Act 2001, when someone acquires an interest in property, usually by buying a property. Normally, duty must be paid by the purchaser/transferee within three months of the transfer of the property.

Stamp Duty Tasmania is charged on a sliding scale (see the Stamp Duty Rates and Stamp Duty Calculator Tasmania) based on the unencumbered value or the purchase price paid, whichever is the greater. The unencumbered value is determined by multiplying the valuation last determined by the Valuer-General, by the appropriate adjustment factor for the relevant municipality. Adjustment factors and valuations can be obtained from the Land Information System Tasmania (LIST).

To use the Stamp Duty Calculator Tasmania, is very easy; all you need do is enter the value of the property you are buying, select the property type and whether you are a First Home Buyer or not.

The Stamp Duty including the total fees payable will then be displayed.

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Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results
should be used as indication only. They are neither a quote nor a pre-qualification for a home loan.

 

Below are the rates of Stamp Duty applicable in Tasmania, and as you will see, using the Stamp Duty Calculator is much easier than making manual calculations. Once you have calculated the stamp duty you can use our Home Loan Calculator to get a better idea of what your home loan repayments will be.

Value of the property (including chattels) with the Stamp Duty Tasmania payable

  • $0 – 1 300 $20
  • $1 301 – 10 000 $1.50 for every $100, or part, of the dutiable value
  • $10 001 – 30 000 $150 plus $2 for every $100, or part, by which the dutiable value exceeds $10,000
  • $30 001 – 75 000 $550 plus $2.50 for every $100, or part, by which the dutiable value exceeds $30,000
  • $75 001 – 150 000 $1 675 plus $3 for every $100, or part, by which the dutiable value exceeds $75,000
  • $150 001 – 225 000 $3 925 plus $3.50 for every $100, or part, by which the dutiable value exceeds $150,000
  • Over $225 000 $6 550 plus $4 for every $100, or part, by which the dutiable value exceeds $225 000

This rate applies unless other provision is made by Chapter 2 of the Duties Act 2001