Stamp Duty on $1,200,000 in NT
Stamp duty on a $1,200,000 property in NT (Northern Territory) is $59,400.00 at the general rate. Change the price or buyer below to recalculate with official Northern Territory rates.
Stamp duty on $1,200,000 in NT by buyer
| Buyer | Stamp duty | Share of price |
|---|---|---|
| Investor (general rate) | $59,400.00 | 4.95% |
| Home you will live in | $59,400.00 | 4.95% |
| First home buyer, established home | $59,400.00 | 4.95% |
| First home buyer, new home | $59,400.00 | 4.95% |
| Foreign buyer (duty plus surcharge) | $59,400.00 | 4.95% |
How the $1,200,000 figure is worked out
- Northern Territory uses a formula rather than bands at this price; the official revenue office formula gives $59,400.00.
First home buyers: The Northern Territory has no general first home buyer duty concession (the first home owner discount ended in 2021).
Stamp duty near $1,200,000 in NT
| Price | General rate | Home buyer |
|---|---|---|
| Stamp duty on $950,000 | $47,025 | $47,025 |
| Stamp duty on $1,000,000 | $49,500 | $49,500 |
| Stamp duty on $1,100,000 | $54,450 | $54,450 |
| $1,200,000 | $59,400 | $59,400 |
| Stamp duty on $1,300,000 | $64,350 | $64,350 |
| Stamp duty on $1,400,000 | $69,300 | $69,300 |
| Stamp duty on $1,500,000 | $74,250 | $74,250 |
$1,200,000 stamp duty in every state
At $1,200,000, Northern Territory ranks number 6 of 8 from cheapest for general-rate stamp duty.
| State | General rate |
|---|---|
| New South Wales | $48,187 |
| Tasmania | $49,185 |
| Queensland | $49,525 |
| Australian Capital Territory | $49,750 |
| Western Australia | $52,916 |
| Northern Territory | $59,400 |
| South Australia | $59,830 |
| Victoria | $66,000 |
Frequently asked questions
How much is stamp duty on $1,200,000 in NT?
Stamp duty on a $1,200,000 property in Northern Territory is $59,400.00 at the general rate. That is 4.95% of the price. First home buyer relief does not reduce duty on an established home at $1,200,000; the buyer pays $59,400.00.
Do first home buyers pay stamp duty on $1,200,000 in NT?
First home buyer relief does not reduce duty on an established home at $1,200,000; the buyer pays $59,400.00.
How much stamp duty does a foreign buyer pay on $1,200,000 in NT?
$59,400.00. Northern Territory had no foreign purchaser surcharge on the official pages we read.