Stamp Duty Calculator VIC
Work out your Victorian stamp duty upfront, and check whether a first home buyer concession might apply. It’s usually the biggest upfront cost, so it pays to know it early.
Stamp duty can add tens of thousands of dollars to a Victorian property purchase. Knowing the number early changes what you can actually afford to bid. Add your purchase price, then check with a Melbourne broker whether you qualify for any first home buyer relief.
This calculator provides a general stamp duty estimate only. It isn’t a formal assessment, official quote, or confirmation of any exemption or concession you may be entitled to. The actual duty payable is set by the State Revenue Office based on your contract price, property type and any applicable concessions, and rates or thresholds can change. This isn’t financial, legal or tax advice. Confirm your exact figure with an accredited Melbourne mortgage broker or conveyancer before exchanging contracts.
Victoria applies a sliding scale to your property’s dutiable value; generally the purchase price, or market value if that’s higher, set by the State Revenue Office. Enter your figure above for an instant read on where you land on that scale.
The rate itself doesn’t change by property type. Victoria taxes the dutiable value, not what the property is. What changes is the number you’re taxed on: a freestanding house typically carries a higher price tag than a comparable apartment, which is why the duty bill can look so different between the two.
Many first home buyers do. Victoria offers a full or partial stamp duty concession, but it hinges on what you pay and the kind of property involved, whether that’s a new build, an established home, or vacant land you plan to build on. The calculator won’t apply any concession for you automatically, so it’s worth having a Melbourne broker confirm whether your purchase qualifies before you settle on a price.