Stamp Duty Calculator Tasmania

If you’re buying property in Tasmania, stamp duty is an added cost you’ll have to account for in your budget. But how much do you need to save to cover the cost of stamp duty? Easy, simply plug your numbers into the calculator and we’ll work it out for you in a flash.

Calculations valid for 2021-2022 financial year

Includes duty discounts for first home buyers but does not include state or federal grants

Some states may give further discounts or exemptions in certain circumstances

What next?

Check out some top home loan offers, read up on all things home loans or check out our other calculators

Home loan comparisons on Mozo

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure.
  • placeholder
    Mozo Experts Choice 2021
    UHomeLoan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.09% p.a.
    fixed 3 years
    2.19% p.a.

    $0 fees and easy application. Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.

    Go to site
    Details
  • Hot DealFor a chance to win $100K towards your home loan, apply with Athena before Oct 31 & approved by Dec 15 (Please read the full T&C's)
    placeholder
    Mozo Experts Choice 2021
    Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    1.99% p.a.

    Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required. Winner of three Mozo Expert's Choice Awards for 2021.

    Go to site
    Details
  • placeholder
    Basic Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR<70%

    interest rate
    comparison rate
    Initial monthly repayment
    2.09% p.a.
    fixed 3 years
    2.32% p.a.

    No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.

    Go to site
    Details
  • placeholder
    Fixed Rate Home Loan

    Owner Occupier, Principal & Interest, LVR <80%

    interest rate
    comparison rate
    Initial monthly repayment
    2.09% p.a.
    fixed 3 years
    2.87% p.a.

    Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Refinancers borrowing $250,000 or more could receive $3,288 cashback (T&Cs, eligibility and lending criteria apply).

    Go to site
    Details
  • placeholder
    Variable Home Loan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    1.99% p.a.

    Refinance only. Super-fast digital application process. Zero upfront fees. No on-going service fees. Free 100% offset sub account. Minimum 25% deposit required.

    Go to site
    Details
  • placeholder
    Mozo Experts Choice 2021
    Smart Booster Home Loan

    2 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.85% p.a.variable for 24 months and then 2.25% p.a. variable
    2.21% p.a.

    New super low introductory rate home loan for two years. Min 20% deposit. No monthly or ongoing fees. Fast settlement times. Mozo award-winning online lender. Friendly, local Australian based team.

    Go to site
    Details
  • placeholder
    Mozo Experts Choice 2021
    Variable Home Loan Special

    Owner Occupier, Principal & Interest, LVR <70%

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    2.02% p.a.

    Special rate applies to home loan applications submitted by 31 October 2021. Unlimited additional repayments, free redraw, 100% offset account. 30% deposit required. Simple online application. Low Cost Home Loan winner in the Mozo Expert's Choice Awards for 2021.

    Go to site
    Details
  • placeholder
    Budget Home Loan

    LVR 70-90%, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.43% p.a. variable
    2.49% p.a.

    Competitve low interest rate for owner-occupiers with at least a 20% deposit, and no upfront fees. Free extra repayments and redraw. Zero ongoing fees.

    Go to site
    Details
  • placeholder
    Special Fixed Rate Home Loan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    1.89% p.a.
    fixed 2 years
    3.67% p.a.

    Lock in a low fixed rate or choose to split your loan between fixed and variable. Insurance discounts and no fee credit card or zero fee personal loan available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply.

    Go to site
    Details
  • placeholder
    Discount Variable Home Loan

    Owner Occupier, LVR<70%, over $700,000

    interest rate
    comparison rate
    Initial monthly repayment
    2.39% p.a. variable
    2.44% p.a.

    No monthly administration fees. Ability to make extra repayments and redraws. A great low rate. No ongoing fees. Experience the difference this established bank has to offer.

    Go to site
    Details
  • placeholder
    Equity Plus

    Owner Occupier, Principal & Interest, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    1.87% p.a. variable
    1.90% p.a.

    Low rate variable home loan with optional offset. Free online redraw. No valuation fee. Purchase, refinance or equity release purposes allowed. Min 40% deposit.

    Go to site
    Details
  • placeholder
    Fixed Home Loan Special Offer

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.89% p.a.
    fixed 2 years
    2.85% p.a.

    Competitive low fixed rates for owner occupiers. No monthly account keeping or loan establishment fees. 20% deposit required. Get $3K cash when you refinance to a Suncorp Bank home loan of $750K+ with LVR <= 90%. Apply by 30/11/21, settle by 28/02/22. (T&Cs apply).

    Go to site
    Details
  • placeholder
    Economy Variable Home Loan

    Owner Occupier, Principal & Interest, <70% LVR, Debt to Income ratio <6

    interest rate
    comparison rate
    Initial monthly repayment
    1.98% p.a. variable
    2.15% p.a.

    An ongoing low variable interest rate with free redraw, flexible repayment options and one free valuation. Discounted Economy variable rate available for owner occupier lending with max LVR of 70%.

    Details
  • placeholder
    Green Home Loan

    Owner Occupier

    interest rate
    comparison rate
    Initial monthly repayment
    2.08% p.a. variable
    2.36% p.a.

    Great low rate on investment loans when you package with your owner-occupied loan.

    Go to site
    Details
  • Hot Deal$590 Establishment Fee waived for eligible Prime loans submitted before 30 November.
    placeholder
    Prime Home Loan

    Owner Occupier, Principal & Interest, LVR <70%

    interest rate
    comparison rate
    Initial monthly repayment
    2.44% p.a. variable
    2.49% p.a.

    Competitive low variable rates for borrowers with 30% deposit. Flexible home loan with no ongoing fees. Extra repayments and redraw available. Get a dedicated specialist for the loan application process.

    Go to site
    Details
  • placeholder
    UHomeLoan (1 Yr Fixed)

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    1.79% p.a.
    fixed 1 year
    2.18% p.a.

    Fast, easy to apply and no ongoing fees. Choose between weekly, fortnightly or monthly repayments. 1 year fixed rates are for new Owner Occupier Principal & Interest loans.

    Go to site
    Details
  • placeholder
    Mozo Experts Choice 2021
    Evaporate Variable Home Loan

    60-70% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.09% p.a. variable
    2.02% p.a.

    Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^

    Go to site
    Details
  • placeholder
    Mozo Experts Choice 2021
    Discount Fixed Rate

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a.
    fixed 2 years
    3.07% p.a.

    Lock in a competitive rate for 2 years. Only 20% deposit required. Flexible repayment options and make up to $5,000 in additional repayments annually. Refinance to BOQ by 31 October 2021 and get $3,000 cashback (T&Cs apply).

    Details
  • placeholder
    Basic Home Loan

    Owner Occupier, LVR<60%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.14% p.a. variable
    2.14% p.a.

    Competitive low variable rate. No application or account management fees. Flexibility to split your loan and set different repayment types. Fee free withdrawals of your savings.

    Go to site
    Details
  • placeholder
    Mozo Experts Choice 2021
    Fixed Rate Home Loan

    Owner Occupier, Principal & Interest, LVR<80%

    interest rate
    comparison rate
    Initial monthly repayment
    1.89% p.a.
    fixed 2 years
    2.64% p.a.

    Competitive fixed rates across 1 to 5 year terms. No application fee or annual fee. Free extra repayments (up to $10,000 per year). Winner of Australia's Best Large Mutual Bank 2021.

    Details
  • placeholder
    Mozo Experts Choice 2021
    Liberate Variable Home Loan

    70-80% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.19% p.a. variable
    2.08% p.a.

    Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit. Athena automatically lowers the rate as the loan is paid down. Winner of three Mozo Expert's Choice Awards for 2021.

    Go to site
    Details
  • placeholder
    Fixed Home Loan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.07% p.a.
    fixed 2 years
    2.90% p.a.

    The IMB Fixed Rate Home Loan gives you peace of mind with the security of fixed loan repayments. You can also pay up to 12 months repayments in advance without penalty.

    Go to site
    Details
  • placeholder
    Well Balanced Fixed

    Owner Occupier, Principal & Interest, LVR <80%

    interest rate
    comparison rate
    Initial monthly repayment
    1.84% p.a.
    fixed 1 year
    2.01% p.a.

    Super low fixed rate and only 20% deposit required. Optional 100% offset account. Free extra repayments and redraw facility. Flexible repayment schedule.

    Go to site
    Details

^See information about the Mozo Experts Choice Home loans Awards

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Home loan resources

FAQs about Tassie stamp duty

If you want to know a little more about how stamp duty in Tasmania works, we’ve pulled together a list of frequently asked questions so that you can understand the ins and outs of this tax and when you will need to pay it.

Why do I pay stamp duty?

You’re already dropping a bundle of money on buying a home - why do you then need to pay more for stamp duty?

Well, stamp duty is a tax designed primarily to cover the cost of the legal documents involved in buying and selling property - mainly changing the ownership title and searching to ensure that you’re buying the property from the legal owner.

What fees does the TAS stamp duty calculator show?

When you use our calculator to work out the cost of your Tasmania stamp duty, your results are broken down into a few different components which make up the total cost commonly thought of as stamp duty. These include:

  • Mortgage registration fee. Essentially, this is a fee that covers the cost of registering the physical property you’re buying as security against the home loan you take out to buy it.
  • Transfer fee. This is the cost for changing the name on the property deed, which you’ll need to do whenever you buy a new property, or transfer the ownership of a property.
  • Stamp duty. This makes up the bulk of the cost, and you can think of it as a tax charged on your property purchase, based on how much the property is worth.

What are the stamp duty rates in Tasmania?

Each state has different rates for calculating stamp duty, based on the value of the property you’re buying. Here’s a breakdown of the different cost tiers for stamp duty in Tasmania, for properties bought after October 2013:

Source: State Revenue Office of Tasmania, Rates of Duty

Seem complicated? That’s why we’ve built the calculator above, so you don’t have to crunch these numbers yourself.

Is stamp duty different in other states?

Stamp duty is charged by sate governments, which means the cost and the fineprint varies from state to state. We’ve built dedicated calculators for each state to make calculating stamp duty easy for all Aussies.

In many states stamp duty is also now known by different names, like “land transfer duty”. In Tasmania, it’s now simply called Duty.

How do I pay stamp duty in Tasmania?

You can pay your Transfer Duty through the Tasmanian Revenue Online website, by sending your documents via post, or in person at the Tasmanian Revenue Office.

There are a range of documents and forms you need to lodge, along with a cheque for the stamp duty amount you owe if you’re paying in person or via post. Once your payment is approved, your stamped documents will be returned to you so you can keep them for your records.

When do I need to pay stamp duty?

In Tasmania, you’ll need to pay stamp duty within 3 months of purchasing a property. If you don’t pay within this timeframe, you can wind up being hit with penalties or interest so it’s important to make sure that you have everything in order before signing on the dotted line.

Does Tasmania have concessions for first home buyers?

In Tasmania, some first home owners can score  stamp duty concessions to help them get a foot in the market. If you're buying an existing home worth $400,000 or less, it's worth looking into whether you're eligible for this concession.

First home buyers may  also be able to score a land tax exemption, a first home owners grant, or jump on board with the Federal Government’s First Home Super Saver Scheme.

Does Tasmania offer any other stamp duty exemptions?

First home buyers don't get all the help! There are a couple of other circumstances under which you might be able to claim a concession on your Tasmanian stamp duty.

  • Pensioners. Pensioners downsizing to a smaller home may be eligible for a duty concession, as long as their new home is worth $400,000 or less and is also worth less than their old home.
  • Personal relationship concessions. If you’re transferring a property between partners or family - or in some business situations - you may be exempt from coughing up duty. This exemption is available for “transfers between partners in a marriage, significant relationship, or caring relationship” but other conditions may apply, so make sure you check if you’re eligible.

Can I borrow money to cover stamp duty?

Generally speaking, no, you aren’t able to cover your stamp duty costs with a personal loan. However, if you haven’t budgeted to pay stamp duty upfront, you’re not stuck. You may be able to take the cost of your stamp duty out of your home loan deposit - just remember that this will affect your loan-to-value ratio (LVR), as you’ll be borrowing more money.

One thing to keep in mind is that if you’re using a portion of your Tassie home deposit to pay stamp duty and your LVR winds up being higher than 80%, you’ll also wind up paying Lenders Mortgage Insurance, which could add another few thousand dollars to your bill.

What if I’m an out-of-state buyer?

When you’re heading across state lines to buy a property - whether you’re moving to Tasmania yourself or jumping on an investment opportunity - you may be a little confused about the how stamp duty applies. Basically, if you’re buying a property in Tasmania, then the stamp duty rates and rules of Tasmania apply, no matter which state you’re from.

Do overseas buyers pay stamp duty in Tasmania?

Yes, people buying a home in Tasmania from overseas will pay duty. Overseas buyers will also have to budget for an additional tax of 3% of the property duty when buying in Tasmania.

What other upfront costs should I be aware of?

It’s important to be aware of the effect stamp duty can have on your budget, but don’t forget to plan for the other costs of buying a home! Along with the sale price of your house, you’ll need to consider other costs involved with a property purchase and a home loan, including:

  • Mortgage application fees. Depending on what mortgage you apply for, you may be up for an application fee upfront. These can add hundreds, or in some cases over $1,000 to your bill.
  • Valuation fee. When you buy a property, your lender will need to send someone to value it and work out what that property is worth. This fee may be set by your lender, or it may be up to you to arrange a valuation, in which case you are responsible for the price.
  • Legal fees. This includes the cost for your lender to have the mortgage documents drawn up and to attend the settlement on behalf of your lender. You may also want to have your own solicitor look over the sale agreement, which is another bill to consider.
  • Building and pest inspection costs. A house might look great on the surface, but underneath that shiny new coat of paint it might have structural problems than can cost you a tonne in the long run. That’s why it’s a good idea to consider the cost of having the building inspected by a professional a necessary part of your budget.
  • Lenders Mortgage Insurance. Saving up a hefty deposit can be really hard, which is why some home buyers opt for low deposit loans, which let you borrow with a deposit of only 5% or 10% of the property’s value. While this is great for getting into the market, it’s important to remember that if you have a deposit smaller than 20% of the property’s value (an LVR 80% or higher) you’ll usually also have to pay for lenders mortgage insurance. This ensures the banks won’t be left out of pocket if you default on your loan, so many lenders insist on it for borrowers with a small deposit, but it can add thousands of dollars to the cost of buying your home.
  • Home and contents insurance. And don’t forget that once you’re the owner of a new home, you’ll want to make sure it’s covered by a top notch home insurance policy as soon as possible - it might even be a stipulation of your mortgage. The cost of this will differ depending on which insurance provider you go with and what level of cover you’re after.

Where can I compare home loan interest rates? 

From stamp duty to legal fees, there are a number of things you’ll need to save for when purchasing your first home in Tasmania. So when the time comes to choose a home loan, why not choose an offer that’ll help you save over the long term? That’s where our Home Loans Interest Rates page comes in handy. It can help you compare a range of interest rates from different lenders to potentially find the right option for you