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 2023-2024 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
Owner Occupier, Refinance Only, LVR <80%
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
Read our Mozo Review to learn more about the Unloan Variable
Owner Occupier, Principal & Interest, Refinance Only
Enjoy a competitive variable interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply) Mozo Experts Choice award winner.
Enjoy a competitive variable interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply) Mozo Experts Choice award winner.
Read our Mozo Review to learn more about the Home Variable Rate
Owner Occupier, LVR<60%, Principal & Interest
Ability to open up to 10 offset accounts per loan account. Fast online application. Linked Debit Mastercard® with fee-free access at ATMs across Australia. Package a credit card with your home loan and the annual card fee will be waived (T&Cs apply). 40% deposit required.
Ability to open up to 10 offset accounts per loan account. Fast online application. Linked Debit Mastercard® with fee-free access at ATMs across Australia. Package a credit card with your home loan and the annual card fee will be waived (T&Cs apply). 40% deposit required.
Read our Mozo Review to learn more about the Offset Home Loan
Owner Occupier, Principal & Interest, LVR <80%
Competitive variable rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process.
Competitive variable rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process.
Read our Mozo Review to learn more about the Flex Home Loan
Owner Occupier, Principal & Interest, LVR<80%
Package benefits across Home Loans, Visa Credit Card, Personal Loans and Term Deposits. No package fee for the first year. No application, settlement or redraw fees to pay. Quick and easy application. Free CoreLogic RP Data property reports. *Terms, conditions and lending criteria apply.
Package benefits across Home Loans, Visa Credit Card, Personal Loans and Term Deposits. No package fee for the first year. No application, settlement or redraw fees to pay. Quick and easy application. Free CoreLogic RP Data property reports. *Terms, conditions and lending criteria apply.
Read our Mozo Review to learn more about the Variable Rate Home Loan Special Offer
Fixed, Owner Occupier, Principal & Interest, LVR <80%
Competitive fixed rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process. 20% deposit required.
Competitive fixed rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process. 20% deposit required.
Read our Mozo Review to learn more about the Flex Home Loan
LVR<80%, Owner Occupier, Principal & Interest
Get a competitive variable rate with ING’s Mortgage Simplifier. Free extra repayments, no monthly or annual fees. Freedom to make free extra repayments or redraws. Winner of Australia’s Best Essential Bank in the Mozo Experts Choice Awards.
Get a competitive variable rate with ING’s Mortgage Simplifier. Free extra repayments, no monthly or annual fees. Freedom to make free extra repayments or redraws. Winner of Australia’s Best Essential Bank in the Mozo Experts Choice Awards.
Read our Mozo Review to learn more about the Mortgage Simplifier
Owner Occupier, LVR<70%, Principal & Interest
Enjoy a low rate home loan with $0 application fee and $0 ongoing fees. Flexibility to split your loan and set different repayment types. Fee free redraw from your loan using online banking. Flexible ways to repay. 30% Deposit required.
Enjoy a low rate home loan with $0 application fee and $0 ongoing fees. Flexibility to split your loan and set different repayment types. Fee free redraw from your loan using online banking. Flexible ways to repay. 30% Deposit required.
Read our Mozo Review to learn more about the Basic Home Loan
Owner Occupier, Principal & Interest, LVR <80%
Competitive low rates available for owner occupiers. Free online redraws. 100% offset account for a small fee ($10 p/mth). Quick and easy application online. Get a free evaluation (Valued up to $300). Minimum loan amount $100K.
Competitive low rates available for owner occupiers. Free online redraws. 100% offset account for a small fee ($10 p/mth). Quick and easy application online. Get a free evaluation (Valued up to $300). Minimum loan amount $100K.
Principal and Interest, LVR <90%
Affordable home loan rate for buyers or refinancers. No monthly or ongoing fees. Option to add an offset for 0.10%. Access to savings with unlimited redraws available. Minimum 10% deposit required. Advertised rates include Nov RBA rate increase. T&Cs apply.
Affordable home loan rate for buyers or refinancers. No monthly or ongoing fees. Option to add an offset for 0.10%. Access to savings with unlimited redraws available. Minimum 10% deposit required. Advertised rates include Nov RBA rate increase. T&Cs apply.
Read our Mozo Review to learn more about the Variable Home Loan 90
Owner Occupier, Principal & Interest, LVR <80%
Refinance your eligible home loan of $250,000+ and 80% or less LVR and get $2,000 cashback (T&Cs apply) with ANZ’s Simplicity PLUS Home Loan Special Offer. Get discounted rates upfront on eligible loans (T&Cs apply). $0 set up or ongoing fees to pay. Verify your ID and sign documents online for super simple home loan refinancing.
Refinance your eligible home loan of $250,000+ and 80% or less LVR and get $2,000 cashback (T&Cs apply) with ANZ’s Simplicity PLUS Home Loan Special Offer. Get discounted rates upfront on eligible loans (T&Cs apply). $0 set up or ongoing fees to pay. Verify your ID and sign documents online for super simple home loan refinancing.
Read our Mozo Review to learn more about the Simplicity PLUS Special Offer
Owner Occupier, Principal & Interest, LVR <60%
Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.
Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.
Read our Mozo Review to learn more about the Neat Home Loan
Owner Occupier, Principal & Interest, <80% LVR
Get competitive rates on loan terms of 5 to 30 years with the Aussie Elevate Home Loan. Structure your loan with up to five splits. Make additional repayments (T&Cs apply). Offset accounts available. Unlimited redraw using your online banking account. Choose from weekly, fortnightly or monthly payments For loan amounts from $10,000 to $5 million.
Get competitive rates on loan terms of 5 to 30 years with the Aussie Elevate Home Loan. Structure your loan with up to five splits. Make additional repayments (T&Cs apply). Offset accounts available. Unlimited redraw using your online banking account. Choose from weekly, fortnightly or monthly payments For loan amounts from $10,000 to $5 million.
Read our Mozo Review to learn more about the Elevate
Investment, LVR<70%, Principal & Interest
No annual or application fees. Competitive rate tiers based on your LVR as well as interest only and split repayment options. Fast application and turnaround process. Secure online application.
No annual or application fees. Competitive rate tiers based on your LVR as well as interest only and split repayment options. Fast application and turnaround process. Secure online application.
Read our Mozo Review to learn more about the Basic Home Loan
Investment, Refinance Only
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
Read our Mozo Review to learn more about the Unloan Variable
Investor, Principal & Interest, LVR <80%
Competitive low rates available for investors. Free online redraws. 100% offset account for a small fee ($10 p/mth). Get a free evaluation (Valued up to $300). Fast online application. Minimum loan amount $100K.
Competitive low rates available for investors. Free online redraws. 100% offset account for a small fee ($10 p/mth). Get a free evaluation (Valued up to $300). Fast online application. Minimum loan amount $100K.
Read our Mozo Review to learn more about the Well Balanced
Owner Occupier, Principal & Interest, Refinance Only
Enjoy the security of a competitive fixed interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply). Mozo Experts Choice award winner.
Enjoy the security of a competitive fixed interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply). Mozo Experts Choice award winner.
Read our Mozo Review to learn more about the Home Fixed Rate
Owner Occupier, Principal & Interest, LVR 70-80%
Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.
Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.
Read our Mozo Review to learn more about the Neat Home Loan
Fixed, Owner Occupier, Principal & Interest, LVR 70-80%
Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.
Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.
Read our Mozo Review to learn more about the Basic Home Loan
^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.
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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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