First Home Buyer Stamp Duty in Tasmania
Tasmania's headline first-home concession has changed. The 100% stamp-duty exemption for established homes valued up to $750,000 was a time-limited measure that expired on 30 June 2026, so first home buyers now generally pay full duty. Always confirm any replacement relief with the State Revenue Office before you buy.
Estimated first-home duty at different prices
These are planning estimates for an eligible TAS first home buyer, using the current thresholds. Treat them as a ballpark — the exact figure depends on your circumstances and the property type, so always confirm with State Revenue Office Tasmania.
| Purchase price | New build | Established | No concession |
|---|---|---|---|
| $400,000 | $16,000 | $16,000 | $16,000 |
| $500,000 | $20,000 | $20,000 | $20,000 |
| $600,000 | $24,000 | $24,000 | $24,000 |
| $700,000 | $28,000 | $28,000 | $28,000 |
| $750,000 | $30,000 | $30,000 | $30,000 |
| $850,000 | $34,000 | $34,000 | $34,000 |
“No concession” shows the approximate duty a non-first-home buyer would pay at the same price, so you can see what the first-home concession is worth to you.
The exemption that expired
From early 2024 Tasmania offered eligible first home buyers a full exemption from property transfer duty on established homes up to $750,000. It was one of the simplest and most generous concessions in the country while it ran — a genuine $0 duty bill on the vast majority of Tasmanian purchases.
That measure was legislated to end on 30 June 2026. Purchases settling after that date fall back to the ordinary duty schedule unless the government extends the relief or introduces a replacement. Because the position is in flux, the current SRO Tasmania guidance is the only reliable source for what applies to your settlement date.
What to check before you buy
If you're buying in Tasmania now, confirm three things with the State Revenue Office: whether any first-home duty concession is currently in force, the value cap if so, and your settlement timing relative to any cut-off. A few weeks either side of a threshold change can be worth thousands.
Even without the duty exemption, the First Home Owner Grant for new homes and the federal First Home Guarantee (5% deposit, no LMI) still apply in Tasmania, so the full picture is worth modelling rather than assuming the concession is gone entirely.
Grants stack on top of the duty concession
The Tasmanian First Home Owner Grant pays $10,000 on eligible new homes — this is separate from transfer duty and was unaffected by the established-home exemption ending.
In planning terms, a duty concession lowers what you need at settlement, while a grant adds cash back afterwards. Model both to see your true total cash position — the calculator handles the duty side and shows total cash needed for TAS.
This is general information, not financial or tax advice. Stamp-duty rules change with each state budget — figures are current as of July 2026. Always confirm the exact concession, grant and eligibility with State Revenue Office Tasmania before you buy.
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