These are estimates based on standard Tasmania rates. Actual duty may vary. Use the full calculator → for all states and additional options.
Hobart median house price is around $620,000 — stamp duty on that is approximately $23,748 for owner-occupiers.
| Property Value | Owner-Occupier | First Home Buyer |
|---|---|---|
| $300,000 | $9,935 | $0 (FHB exempt) |
| $500,000 | $18,248 | $0 (FHB exempt) |
| $700,000 | $26,748 | $0 (FHB exempt) |
| $750,000 | $28,873 | $28,873 (above threshold) |
| $1,000,000 | $40,185 | $40,185 |
| $1,500,000 | $62,685 | $62,685 |
Tasmania First Home Buyer Exemption
Eligible first home buyers in Tasmania pay zero stamp duty on properties valued up to $750,000. There is no partial concession — the exemption is full below $750,000 and does not apply at all above it.
You must be at least 18 years old, be an Australian citizen or permanent resident, have never owned a residential property in Australia, and intend to occupy the property as your principal place of residence within 12 months of settlement.
Full exemption up to $750,000 (full or nothing)Tasmania applies a minimum duty of $50 on any property valued over $3,000. The rate schedule is progressive across 7 bands. For the official current rates, see State Revenue Office Tasmania.
| Property Value | Marginal Rate | Max Duty at Band |
|---|---|---|
| $0 – $3,000 | $50 flat | — |
| $3,001 – $25,000 | 1.75% | $435 |
| $25,001 – $75,000 | 2.25% | $1,560 |
| $75,001 – $200,000 | 3.50% | $5,935 |
| $200,001 – $375,000 | 4.00% | $12,935 |
| $375,001 – $725,000 | 4.25% | $27,810 |
| Over $725,000 | 4.50% | — |
Tasmania has the smallest state property market in Australia, and that has historically pushed its duty policy toward simplicity rather than the complex carve-outs seen in NSW or VIC. The state runs a clean progressive schedule from 1.75% up to a top marginal rate of 4.5% above $725,000 — lower than the eastern states and comparable to WA. There is no premium-duty bracket and no flat-rate-on-the-whole-price kink.
The standout policy is the First Home Buyer (FHB) stamp duty exemption applying to established homes up to $750,000 — uniquely generous because most other states either limit FHB exemptions to new builds (SA, QLD's no-cap version) or set lower price caps (WA $430K, VIC $600K full). Hobart's median house price in early 2026 was approximately $680,000 per CoreLogic, comfortably under the cap — meaning an eligible Hobart FHB on a typical established home essentially pays zero stamp duty.
Tasmania has also embraced downsizer duty concessions more aggressively than most states: pensioners aged 60+ moving from a long-held home to a smaller residence (within prescribed value limits) can claim a duty concession of up to 50%. The policy is designed for an ageing Tasmanian population and to free up larger family homes for new buyers — a deliberate counterweight to Tasmania's slow construction rate relative to demand.
Hobart's median house price was approximately $680,000 in early 2026 (CoreLogic), having softened slightly from the 2022 peak. At $680,000 for an owner-occupier:
For the same $680,000 paid by an eligible first home buyer, the FHB exemption applies in full (property under $750,000), so the duty is $0 — saving the buyer the full $25,898.
Note Tasmania's FHB exemption is binary — under $750,000 you pay nothing; at $750,001 you pay the full $28,898. There is no taper between the two amounts, which produces a sharper cliff than NSW or VIC and visibly bunches FHB transactions in the $740,000–$749,999 band on Domain and REINTAS data.
Foreign Investor Duty Surcharge (FIDS). Foreign purchasers of residential property in Tasmania pay an additional 8% surcharge on top of standard duty — the highest of any state, matching NSW and VIC. The surcharge applies to the dutiable value before any FHB concession (which foreign buyers cannot claim).
Pensioner downsizer concession. Tasmania offers a 50% duty concession for eligible pensioners aged 60+ who sell their long-held principal residence and downsize to a smaller property within prescribed value limits. The concession is genuinely useful in Hobart's older inner-city stock and supports the policy goal of freeing up larger family homes for new buyers.
FHB exemption applies to established homes. Unlike SA's new-build-only policy, the Tasmanian FHB stamp-duty concession covers both established and new homes up to $750,000. This produces a meaningfully different effect on Hobart's housing market — there's no policy bias toward new construction, so FHB demand spreads across the established and new market equally.
Family farm and primary-production transfers. Tasmania allows full duty exemption on qualifying primary-production transfers between related family members under the Duties Act 2001 (Tas) Section 225. This is widely used in succession planning for Tasmanian fruit-growing properties, dairy operations and vineyards.
Short-term rental investor scrutiny. Tasmania has Australia's highest per-capita short-term rental (Airbnb) saturation, and the state's policy debate around investor-driven housing pressure has prompted talk of an STR-specific surcharge or stamp-duty differential for properties bought primarily for short-stay use. As of mid-2026 no such surcharge is yet legislated, but it's the most-watched policy debate in Tasmanian property circles.
Duty is computed under the Tasmanian Duties Act 2001 2025–26 schedule with progressive brackets from 1.75% to 4.5%. FHB exemption applies binary up to $750,000 (no taper). Foreign Investor Duty Surcharge of 8% applies in addition for non-resident purchasers. The model does not include the pensioner downsizer concession, family-farm Section 225 exemption, or any future short-stay-rental specific surcharge.
Sources: State Revenue Office of Tasmania — Property transfer duties; SRO Tas — First home buyer duty concession; SRO Tas — Foreign Investor Duty Surcharge; Duties Act 2001 (Tas); CoreLogic Home Value Index for the Hobart median.
Reviewed: 18 May 2026 · Updated for: 2025–26 Tasmanian property transfer duty schedule and current FHB threshold ($750,000) · Editor: AussieCalc Editorial Team
How much is stamp duty on a $500,000 property in Tasmania? ▾
Stamp duty on a $500,000 property in Tasmania is $18,248 for an owner-occupier. A first home buyer pays $0 as the property is under the $750,000 full exemption threshold.
What is the first home buyer stamp duty threshold in Tasmania 2026? ▾
In Tasmania, eligible first home buyers pay zero stamp duty on properties valued at $750,000 or less. Unlike some other states, there is no partial or tapered concession — the full exemption either applies completely (under $750,000) or not at all (above $750,000).
How does Tasmania compare on stamp duty to other states? ▾
Tasmania has competitive stamp duty rates, particularly at lower to mid-range prices. At $500,000, TAS charges $18,248 — less than Victoria ($21,970) and SA ($21,330) but slightly more than NSW ($17,235) and significantly more than QLD ($8,750). The $750,000 FHB threshold is also more generous than WA ($530,000) and VIC ($750,000 taper end).
Is there stamp duty on commercial property in Tasmania? ▾
Yes. Commercial property transactions in Tasmania are subject to duty at the same rates as residential property. Different rules may apply depending on whether the transaction involves land only, improvements, or a business as a going concern. Consult a Tasmanian solicitor or the State Revenue Office of Tasmania for specific advice.
Can I defer stamp duty in Tasmania? ▾
Tasmania does not have a general deferral scheme for residential stamp duty. Payment is due within 3 months of the date of the contract or instrument. First home buyers who qualify for the exemption will simply have zero duty to pay.
How much extra do foreign buyers pay in Tasmania? ▾
Foreign Investor Duty Surcharge (FIDS) of 8% applies on top of standard property transfer duty — the highest foreign-buyer rate of any state, matching NSW and Victoria. There is no equivalent annual land-tax surcharge in Tasmania.
Is there a stamp duty concession for downsizing pensioners in TAS? ▾
Yes. Tasmania offers a 50% duty concession for eligible pensioners aged 60+ who sell their long-held principal residence and downsize to a smaller property within prescribed value limits. The concession is designed to encourage older Tasmanians to free up larger family homes for younger buyers.
Does the FHB exemption apply to new and established homes? ▾
Yes — unlike SA's new-build-only policy, Tasmania's FHB stamp duty exemption applies equally to established homes and new builds up to $750,000. The buyer must live in the property as their principal place of residence for at least 6 continuous months within 12 months of settlement. Australian citizenship or permanent residency is required.
Are there proposals to charge extra duty on short-stay rental investors? ▾
There has been ongoing public debate in Tasmania about whether a stamp-duty differential or surcharge should apply to properties purchased primarily for short-term rental (Airbnb / Stayz) use, given Tasmania's high per-capita STR saturation. As of mid-2026, no such surcharge has been legislated, but it remains one of the most-discussed property policy debates in the state.
When is Tasmanian stamp duty due? ▾
Duty is generally payable within three months of the date of the contract or instrument. Conveyancers and solicitors typically lodge and pay through the SRO Tasmania online system at or near settlement. Late payment attracts interest under the Taxation Administration Act 1997 (Tas).