Buying property in Tasmania means paying property transfer duty (the state's version of stamp duty) to the State Revenue Office, on top of the purchase price. How much you pay depends on the property's dutiable value, with rates rising in steps from a flat $50 on the cheapest properties to 4.5% on the portion above $725,000. First home buyers and people building a new home have had access to generous concessions, but the timing matters a lot in 2026 — one of the biggest first-home-buyer breaks is set to end on 30 June 2026.
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Estimate only. Government registration and transfer fees are approximate and change regularly — confirm with your state revenue office and lender.
Also called
Property transfer duty
First home buyer
$0 up to $750k
Foreign surcharge
8%
Revenue office
State Revenue Office Tasmania
Property transfer duty is a one-off tax the Tasmanian Government charges when ownership of property changes hands. The buyer pays it, and it is calculated on the property's dutiable value — that is the purchase price or the property's unencumbered market value, whichever is higher. Tasmania uses a sliding scale made up of brackets: a flat minimum applies to very cheap properties, then each bracket adds a fixed base amount plus a set rate for every $100 (or part of $100) above the bracket's lower threshold. The more the property is worth, the higher the marginal rate, topping out at 4.5% on the portion above $725,000. Duty is normally payable within three months of the date of the dutiable transaction (usually settlement), and the transfer cannot be registered until it is paid. Concessions and exemptions can reduce or remove duty for eligible buyers, such as first home buyers, but unless a concession applies you pay the full scale amount.
| Property value | Transfer duty |
|---|---|
| $0 – $3,000 | $50 (this is the minimum duty) |
| $3,001 – $25,000 | $50 plus $1.75 for every $100, or part, by which the dutiable value exceeds $3,000 |
| $25,001 – $75,000 | $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25,000 |
| $75,001 – $200,000 | $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75,000 |
| $200,001 – $375,000 | $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200,000 |
| $375,001 – $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 |
Tasmania charges a flat minimum duty of $50, so even very cheap transfers attract at least that amount. Duty is calculated on the greater of the purchase price or the property's unencumbered value; the unencumbered value is worked out using the Valuer-General's valuation adjusted by municipality factors (available via the Land Information System Tasmania, LIST). Rates are charged per $100 "or part" of $100 over each threshold, so amounts are effectively rounded up to the next $100. The current scale has applied to transactions on or after 21 October 2013. Duty is generally due within three months of the dutiable transaction.
Tasmania's headline first home buyer break is a 100% exemption from property transfer duty on established (previously lived-in) homes with a dutiable value of $750,000 or less. It is a full exemption, not a discount, so eligible buyers pay no transfer duty at all — but it is a hard cut-off: if the property is worth more than $750,000 there is no concession and no sliding taper, you pay the full scale amount. This exemption is temporary. It applies to transactions that settle between 18 February 2024 and 30 June 2026 inclusive, and the State Revenue Office confirms it is NOT available for transactions settling after 30 June 2026. The 2026-27 state budget did not extend it, so from 1 July 2026 first home buyers of established homes revert to paying ordinary transfer duty. If you are relying on this exemption, the settlement date is what counts, not the contract date. Buyers of brand-new homes should instead look at the First Home Owner Grant (a separate cash grant, covered below).
Who qualifies: For the established-home duty exemption: each applicant must be a natural person aged 18 or over (not a company or trust), at least one applicant must be an Australian citizen or permanent resident, and you must be a genuine first home buyer who has not previously owned a home or received a first home owner grant or duty concession anywhere in Australia. The home's dutiable value must be $750,000 or less, it must be an established home (one previously occupied or sold as a place of residence — not substantially renovated and unoccupied), and the transaction must settle between 18 February 2024 and 30 June 2026 inclusive. At least one applicant must occupy the property as their principal place of residence for a continuous period of 6 months, starting within 12 months of settlement. There is no income test.
Note: Temporary: the 100% established-home duty exemption ends for transactions settling after 30 June 2026 and was not extended in the 2026-27 budget. From 1 July 2026, normal transfer duty applies to first home buyers of established homes.
| Purchase | Owner-occupier | First home buyer |
|---|---|---|
| $550,000 established home | $20,373 | $0 |
| $700,000 established home | $26,748 | $0 |
| $800,000 established home | $31,185 | $31,185 |
| $1,000,000 established home | $40,185 | $40,185 |
Figures from the calculator above, on FY2025-26 rates. The owner-occupier column assumes a non-first-home buyer.
The First Home Owner Grant (FHOG) is a separate cash grant — not a duty concession — for first home buyers who build or buy a brand-new home that has not been lived in before. As at 20 June 2026 the grant is $30,000, available for eligible transactions commencing between 1 July 2025 and 30 June 2026. From 1 July 2026 the grant reduces to $20,000 (made up of a $10,000 base plus a $10,000 additional amount), available for the 12 months to 30 June 2027. The grant does not apply to established/existing homes. Applicants must be natural persons aged 18+ who are Australian citizens or permanent residents, must not have previously owned residential property in Australia they lived in, and must occupy the new home as their principal residence for at least six continuous months within 12 months of completion. The FHOG can be claimed in addition to any duty concession you qualify for. (Figures should be checked against the SRO, as the 1 July 2026 amount depends on legislation passing.)
Foreign Investor Duty Surcharge (FIDS): foreign persons (including foreign individuals, companies and trusts) pay an additional 8% surcharge on the dutiable value when acquiring residential property in Tasmania, on top of ordinary transfer duty. This rate applies to agreements entered into on or after 1 April 2020. A lower 1.5% surcharge applies to acquisitions of primary production land (not residential). The surcharge is calculated on the proportion of the dutiable value acquired by the foreign person.
Effective 1 July 2026 (FY2026-27): (1) The first home buyer duty exemption for established homes (100% up to $750,000) is NOT extended and ends for transactions settling after 30 June 2026 — confirmed in the 2026-27 Tasmanian Budget. From 1 July 2026, eligible first home buyers of established homes revert to paying the normal transfer duty scale. (2) The First Home Owner Grant (a separate grant for new/newly built homes, not a duty concession) reduces from $30,000 to $20,000 from 1 July 2026, with the $20,000 amount available for 12 months to 30 June 2027. The transfer duty rate scale itself and the 8% Foreign Investor Duty Surcharge are unchanged in the 2026-27 budget. A new 5% short-stay accommodation levy was also legislated but does not affect transfer duty.
General information only — an estimate, not financial, tax, credit or legal advice. Figures current as at FY2025-26, reviewed June 2026. Always confirm your exact figure with State Revenue Office Tasmania before you sign or budget.
Sources: Rates of duty | State Revenue Office Tasmania; First home buyers of established homes duty relief | State Revenue Office Tasmania; Foreign investor duty surcharge | State Revenue Office Tasmania; Foreign investor duty surcharge — Rates of surcharge | State Revenue Office Tasmania; First Home Owner Grant — Eligibility | State Revenue Office Tasmania; Property transfer duties | State Revenue Office Tasmania. Accessed June 2026.