Stamp Duty - General Rate
Duty is calculated on the purchase price or
unencumbered value of the dutiable property, whichever is the greater, as
follows: - Where the dutiable value does not exceed $525,000 in accordance with the follow formula:
D = (0.06571441 x V2 ) + 15V
Where
D = the duty payable in $
and
V = the dutiable value
1000
From 1 July 2017, where the dutiable value exceeds $525,000, but is less than $3 million - 4.95 per cent of that amount.
From 1 July 2017, where the dutiable value is $3 million or more - 5.75 per cent of that amount.
From 1 July 2017, where the dutiable value is $5 million or more - 5.95 per cent of that amount.
Territory Home Owner Discount (THOD)
If eligible home buyers buy an established home, a new home or land to build a new home, up to a value of $650,000, the buyers may be able to get a reduction of up to a maximum of $18,601 off the stamp duty. The home must be the principle place of residence. This policy only applies if home buyers have not held a relevant interest in a home in the Northern Territory in the past 24 months, however this period does not apply if home buyers no longer hold an interest in property as a result of a breakdown of a marriage or de facto relationship. Due to this policy, this calculator does not apply THOD for non First Home Buyers, therefore if buyers qualify for THOD, please input as First Home Buyers to confirm the relevant Stamp Duty, or refer to the NT Government website.
Stamp Duty - Senior, Pensioner and Carer Concession
The SPCC is an amount up to $10,000 off the stamp duty payable. The cap is $750,000 and $385,000 form home and land respectively
First Home Owner Grant: From 7 May 2019, the FHOG reduced to $10,000 from $26,000.
Home Renovation Grant: : If the first home buyers who purchase an established property are eligible to get $10,000 grant to renovate or improve the property.
Household Goods Grant: : If the first home buyers who purchase an new property are eligible to get 2,000 grant to buy household goods.
BuildBonus Grant: : If buying or building a new home in the Northern Territory, purchasers can apply for a grant of $20,000. This grant is limited to the first 600 applications.
Mortgage Registration Fee: $149.00 from 1 July 2019
Land Transfer Fee: $149.00