Stamp Duty Calculator VIC — Calculate Your Property Tax
Calculate stamp duty (land transfer duty) on property purchases in Victoria Australia. See first home buyer exemptions and concessions for 2026.
Victoria charges land transfer duty on property purchases with rates starting at 1.4% for properties up to $25000 and reaching 6.5% for properties above $2 million. First home buyers receive significant concessions: full exemption on properties up to $600000 and concessions up to $750000. Victoria also charges an additional 1% premium duty on properties above $2 million and an 8% foreign purchaser surcharge.
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Key Information
| Parameter | Details |
|---|---|
| First Home Buyer Exemption | Full exemption up to $600000 |
| First Home Buyer Concession | Concession $600,001 - $750,000 |
| Standard Rate (on $800000) | Approximately $43070 |
| Foreign Buyer Surcharge | 8% additional duty |
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Use Calculator NowFrequently Asked Questions
How much stamp duty on $700000 house in Victoria?
For a $700000 property in Victoria a standard buyer pays approximately $37070 in land transfer duty. A first home buyer purchasing their first home receives a concession reducing this amount significantly (approximately $7414 for a $700000 property). For a $600000 property first home buyers pay zero stamp duty.
First home buyer stamp duty exemption Victoria?
First home buyers in Victoria pay no stamp duty on established homes or new homes valued up to $600000. For properties valued $600001-$750000 a sliding scale concession applies. Additionally the First Home Owner Grant provides $10000 for new homes valued up to $750000 in metropolitan areas and up to $750000 in regional areas. These benefits make the first purchase substantially more affordable.
Does Victoria have annual property tax instead of stamp duty?
Victoria is transitioning to an annual property tax for commercial and industrial properties replacing stamp duty with an annual levy from 2024. For residential properties stamp duty still applies at purchase. Some economists advocate replacing residential stamp duty with annual land tax nationwide but this remains a political debate. For now residential buyers must budget for the full upfront stamp duty cost.
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Last updated: 24 March 2026