Tasmania uses a sliding scale with rates from 1.75% to 4.5%. Hobart's property price growth over the past decade has significantly increased stamp duty costs for buyers compared to historical norms.
Get an exact figure for your purchase price — including first home buyer concessions
Open stamp duty calculator →First home buyers in Tasmania pay zero stamp duty on homes up to $750,000 — valid until 30 June 2026. Combined with the $30,000 FHOG for new homes, this is one of the strongest FHB packages in Australia.
Tasmania's $30,000 FHOG is one of the most generous in Australia and can make a significant difference to first home buyers building or purchasing new homes. There is no stamp duty concession, so maximising the FHOG is the primary FHB benefit available.
| Purchase price | Stamp duty | As % of price |
|---|---|---|
| $400,000 | $12,013 | 3.0% |
| $500,000 | $16,685 | 3.3% |
| $600,000 | $19,937 | 3.3% |
| $700,000 | $25,560 | 3.7% |
| $800,000 | $31,183 | 3.9% |
| $1,000,000 | $39,560 | 4.0% |
| $1,500,000 | $65,274 | 4.4% |
Stamp duty is the largest upfront cost but not the only one. Budget for these additional items on top of your deposit and stamp duty:
Stamp duty on a $700,000 property in Tasmania is approximately $25,560. Use the calculator above for an exact figure based on your purchase price and buyer status.
Tasmania offers a full 100% stamp duty exemption for first home buyers on homes up to $750,000 — valid until 30 June 2026. This was increased from 50% in February 2024. The $30,000 First Home Owner Grant for new homes is equal to Queensland's as the highest in Australia.
Stamp duty is payable on settlement day — the day you take legal ownership of the property. Your conveyancer will calculate the exact amount and arrange payment as part of the settlement process. You need to have the funds available by settlement.
No — stamp duty cannot be added to your home loan. It must be paid upfront at settlement from your own funds. This is why stamp duty is a critical part of your upfront cost budget alongside your deposit.
For owner-occupiers, stamp duty is not tax deductible. For investment properties, stamp duty forms part of the cost base of the asset and may reduce capital gains tax when you sell, but it is not deductible in the year of purchase. Always confirm with your accountant.