Stamp Duty NSW | Mortgage Duty | Stamp Duty Calculator

Stamp Duty

NSW Stamp Duty Rates

For the financial year ending June 2016, the NSW government should reap in excess of $6bn in stamp duty on residential property sales. Stamp Duty in NSW is a major source of revenue for the state.

Stamp duty is paid on almost every residential property sale in NSW, the exception being if a first home owner buys a new home at a cost of up to $550,000 there is no stamp duty payable

Mortgage Stamp Duty Rates in Sydney and in NSW State

Stamp duty is paid on almost every residential property sale in Sydney and in NSW, the exception being if a first home owner buys a new home at a cost of up to $550,000 there is no stamp duty payable

NSW Stamp duty is calculated on a tiered basis:Value of the property subject to the transaction Rate of NSW Stamp duty
$0 – $14,000 $1.25 for every $100 or part of the value
$14,001 – $30,000 $175 plus $1.50 for every $100, that the value exceeds $14,000
$30,001 – $80,000 $415 plus $1.75 for every $100, that the value exceeds $30,000
$80,001 – $300,000 $1,290 plus $3.50 for every $100, that the value exceeds $80,000
$300,001 – $1m $8,990 plus $4.50 for every $100, that the value exceeds $300,000
over $1m $40,490 plus $5.50 for every $100, that the value exceeds $1,000,000
Premium Property Duty: over $3m $150,490 plus $7.00 for every $100, that the value exceeds $3,000,000.