Stamp Duty on $500,000 in Tasmania
Standard buyer
$18,248
3.65% effective rate
First home buyer
$9,124
Saves $9,124
Foreign buyer
$58,248
Includes surcharge
Duty breakdown: $500,000 in Tasmania
| Buyer type | Base duty | Adjustment | Total duty |
|---|---|---|---|
| Standard (owner-occupier/investor) | $18,248 | — | $18,248 |
| First home buyer (established) | $18,248 | −$9,124 | $9,124 |
| First home buyer (new build) | $18,248 | −$9,124 | $9,124 |
| Foreign purchaser | $18,248 | +$40,000 | $58,248 |
FY2025-26 rates. Verify with your state revenue office before proceeding.
Frequently asked questions
How much stamp duty on $500,000 in Tasmania?
A standard owner-occupier or investor pays $18,248 in duty on a $500,000 property in Tasmania (FY2025-26). This is an effective rate of 3.65%.
Do first home buyers pay stamp duty on $500,000 in Tasmania?
Yes, but with a concession. First home buyers purchasing an established home at $500,000 in Tasmania pay $9,124, a saving of $9,124 compared to the standard rate. 50% duty reduction on homes ≤ $600k for eligible first home buyers.
What is the total upfront cost for a $500,000 property in Tasmania?
For a standard buyer, the total upfront cost (purchase price + duty) is $518,248. This does not include conveyancing fees, building inspection, or mortgage costs.