Stamp Duty on $1,000,000 in Tasmania
Standard buyer
$40,185
4.02% effective rate
First home buyer
$40,185
No concession at this price
Foreign buyer
$120,185
Includes surcharge
Duty breakdown: $1,000,000 in Tasmania
| Buyer type | Base duty | Adjustment | Total duty |
|---|---|---|---|
| Standard (owner-occupier/investor) | $40,185 | — | $40,185 |
| First home buyer (established) | $40,185 | — | $40,185 |
| First home buyer (new build) | $40,185 | — | $40,185 |
| Foreign purchaser | $40,185 | +$80,000 | $120,185 |
FY2025-26 rates. Verify with your state revenue office before proceeding.
Frequently asked questions
How much stamp duty on $1,000,000 in Tasmania?
A standard owner-occupier or investor pays $40,185 in duty on a $1,000,000 property in Tasmania (FY2025-26). This is an effective rate of 4.02%.
Do first home buyers pay stamp duty on $1,000,000 in Tasmania?
First home buyers in Tasmania do not receive a duty concession at $1,000,000. The standard rate of $40,185 applies. Most concessions in Tasmania cut off below this price point.
What is the total upfront cost for a $1,000,000 property in Tasmania?
For a standard buyer, the total upfront cost (purchase price + duty) is $1,040,185. This does not include conveyancing fees, building inspection, or mortgage costs.