Rates of Duty

Duty is charged on a sliding scale based on the greater of either the unencumbered value or the purchase price paid.

Unencumbered value is determined by multiplying the valuation last determined by the Valuer-General, by the appropriate adjustment factor for the relevant municipality. Adjustment factors and valuations can be obtained from the Land Information System Tasmania (LIST).

Property Transfer Duty Calculator

The following rates and thresholds will apply to transfers of dutiable property on or after 21 October 2013 unless other provision is made by Chapter 2 of the Duties Act 2001.

Value of the property (including chattels)Duty payable
Not more than $3 000 $50
More than $3 000 but not more than $25 000 $50 plus $1.75 for every $100, or part, by which the dutiable value exceeds $3 000
More than $25 000 but not more than $75 000 $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25 000
More than $75 000 but not more than $200 000 $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75 000
More than $200 000 but not more than $375 000 $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200 000
More than $375 000 but not more than $725 000 $12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375 000
More than $725 000 $27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725 000

 

The following rates and thresholds apply to transfers on or after 1 October 2012 and BEFORE 21 October 2013:

Value of the property (including chattels)Duty payable
Not more than $1 300 $20
More than $1 300 but not more than $25 000 $20 plus $1.75 for every $100, or part, by which the dutiable value exceeds $3 000
More than $25 000 but not more than $75 000 $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25 000
More than $75 000 but not more than $200 000 $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75 000
More than $200 000 but not more than $375 000 $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200 000
More than $375 000 but not more than $725 000 $12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375 000
More than $725 000 $27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725 000

 

The following rates and thresholds apply to transfers BEFORE 1 October 2012.

 

Value of the property (including chattels)Duty payable
$0 - 1 300 $20
$1 301 - 10 000 $1.50 for every $100, or part, of the dutiable value
$10 001 - 30 000 $150 plus $2 for every $100, or part, by which the dutiable value exceeds $10,000
$30 001 - 75 000 $550 plus $2.50 for every $100, or part, by which the dutiable value exceeds $30,000
$75 001 - 150 000 $1 675 plus $3 for every $100, or part, by which the dutiable value exceeds $75,000
$150 001 - 225 000 $3 925 plus $3.50 for every $100, or part, by which the dutiable value exceeds $150,000
Over $225 000 $6 550 plus $4 for every $100, or part, by which the dutiable value exceeds $225 000

 

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