Stamp Duty in Tasmania
Tasmania has moderate stamp duty rates with a progressive system from 0.5% to 4.5%. Compared to the mainland capitals, Tasmanian stamp duty is relatively affordable, particularly at lower price points.
First Home Buyer Concessions — TAS
Tasmania has the cleanest first home buyer concession structure in Australia — a full stamp duty exemption on properties up to $750,000 with no partial zone or sliding scale. You either qualify for the full exemption or you don't. The Tasmanian First Home Owner Grant is $30,000 for new homes valued up to $600,000 — the equal highest in Australia alongside Queensland.
Additional Information
Tasmania does not currently charge a foreign buyer surcharge, making it one of the most accessible states for overseas purchasers alongside the ACT and NT.
Property Market
Hobart's median house price of around $650,000–$700,000 means many first home buyers will fall under the $750,000 exemption threshold, paying zero stamp duty.
Use our Stamp Duty Calculator to get an exact estimate, or check the First Home Buyer Calculator to see your total benefits including grants and concessions. For your exact liability, consult a licensed conveyancer or your state revenue office.