Work out Victorian land transfer (stamp) duty with the general rates, the principal place of residence concession and the first home buyer exemption or concession.
Key facts
- Victorian land transfer duty on a $700,000 property is $37,070 at general rates, and $55,000 on $1,000,000.
- First home buyers pay no duty up to $600,000 and reduced duty up to $750,000, for a new or established home or vacant land to build on.
- Buying a home to live in, lower principal place of residence rates apply up to $550,000.
- From $960,001 to $2,000,000 duty is 5.5% of the whole value, and 6.5% applies over $2,000,000.
- Dutiable value is the higher of the price and the market value.
Stamp duty by price
| Dutiable value | General rates | Home to live in | First home buyer |
|---|---|---|---|
| $400,000 | $19,070 | $16,370 | $0 |
| $500,000 | $25,070 | $21,970 | $0 |
| $600,000 | $31,070 | $31,070 | $0 |
| $700,000 | $37,070 | $37,070 | $24,713 |
| $750,000 | $40,070 | $40,070 | $40,070 |
| $800,000 | $43,070 | $43,070 | $43,070 |
| $900,000 | $49,070 | $49,070 | $49,070 |
| $1,000,000 | $55,000 | $55,000 | $55,000 |
| $1,250,000 | $68,750 | $68,750 | $68,750 |
| $1,500,000 | $82,500 | $82,500 | $82,500 |
| $2,000,000 | $110,000 | $110,000 | $110,000 |
| $3,000,000 | $175,000 | $175,000 | $175,000 |
General rates
| Dutiable value | Duty |
|---|---|
| $0 to $25,000 | 1.4% of the value |
| $25,001 to $130,000 | $350 plus 2.4% of the value over $25,000 |
| $130,001 to $960,000 | $2,870 plus 6% of the value over $130,000 |
| $960,001 to $2,000,000 | 5.5% of the whole value |
| Over $2,000,000 | $110,000 plus 6.5% of the value over $2,000,000 |
Principal place of residence rates
| Dutiable value | Duty |
|---|---|
| $0 to $25,000 | 1.4% of the value |
| $25,001 to $130,000 | $350 plus 2.4% of the value over $25,000 |
| $130,001 to $440,000 | $2,870 plus 5% of the value over $130,000 |
| $440,001 to $550,000 | $18,370 plus 6% of the value over $440,000 |
Rates for contracts from 1 July 2021. Not included: foreign purchaser additional duty, the off-the-plan concession, the pensioner and concession card holder reduction, and other exemptions.
Common questions
How much is stamp duty in Victoria?
At general rates, $31,070 on $600,000, $43,070 on $800,000 and $55,000 on $1,000,000. First home buyers and people buying a home to live in can pay less.
Do first home buyers pay stamp duty in Victoria?
Not up to $600,000. From $600,001 to $750,000 the duty is reduced on a sliding scale: on $700,000 it's $24,713 instead of $37,070. Above $750,000 the full duty applies.
How is the first home buyer concession worked out?
Duty = (value − $600,000) ÷ $150,000 × the duty that would otherwise be payable (Duties Act 2000 s 57JA).
What is the principal place of residence concession?
If you'll live in the home, reduced rates apply to properties up to $550,000: 5% instead of 6% between $130,001 and $440,000.
See also the NSW and Queensland stamp duty calculators, the first home super saver calculator and Victorian payroll tax.
Sources: State Revenue Office Victoria, general rates, principal place of residence rates and first home buyer exemption or concession; Duties Act 2000 s 57JA. Checked 22 October 2026. An estimate; the SRO assesses the duty you pay.