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Stamp duty in the Northern Territory
If you’re buying a property in the Northern Territory, you will probably need to pay stamp duty, a tax on property transactions which take place in the NT.
Stamp duty is a state government tax that's payable when you buy a home, land or business property in the Northern Territory. It can be a big expense, on top of all the other costs associated with buying a home.
How much is stamp duty in the Northern Territory?
Calculating stamp duty in the NT is a little more complicated than in other states, particularly for properties worth less than $525,000.
Here are some example stamp duty costs for different property values for buyers who are not eligible for a discount.
You can see from the following table how stamp duty is calculated on a sliding scale based on the value of the property.
What stamp duty concessions are available in the NT?
The Northern Territory provides stamp duty concessions for eligible Australians buying a house and land package.
To be eligible you must:
Buy a house and land package from a building contractor in a single transaction
Sign the contract between 1 July 2022 and 30 June 2027.
As part of the contract the contractor must do one of the following:
Build or place a detached, new home on the land
Complete the build of a partially-completed and detached new home on the land
Transfer ownership of a completed, detached new home on the land.
There is no property price cap to be eligible, however there are conditions where you must live in the property within 12 months of completion for at least 6 months. For more information and to download the application forms, see the NT Government website.
Territory Home Owners Discount
The Territory Home Owners Discount offered discounts on stamp duty but ended on 30 June 2021. You can no longer apply for this scheme.
Finder survey: What do Australians from different states think is the biggest hurdle to getting a home loan?
Response
WA
VIC
SA
QLD
NSW
The deposit
39.67%
43.23%
38.71%
46.54%
35.47%
Getting approved for a loan with a good interest rate
23.97%
24.75%
22.58%
22.12%
29.05%
Getting a loan without typical employment
12.4%
10.23%
11.83%
10.14%
6.42%
Finding the right property
10.74%
13.2%
11.83%
11.98%
18.96%
Nothing - I do not think there are hurdles
7.44%
4.62%
10.75%
6.91%
5.5%
Previous debts
4.13%
3.63%
3.23%
2.3%
3.98%
Other
1.65%
0.33%
1.08%
0.61%
Source: Finder survey by Pure Profile of 1112 Australians, December 2023 Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.
Stamp duty calculator
Use our stamp duty calculator to estimate your costs. Just set the state/territory to NT before starting. Note that this is just an estimate and may not reflect your actual costs.
When is stamp duty payable?
In the NT, stamp duty is payable within 60 days of entering into the transaction or at settlement, whichever is earlier. If you don't pay on time, you may be charged penalty tax on top of the stamp duty.
More questions about Northern Territory stamp duty
There are currently no stamp duty concessions in the Northern Territory specifically for first home buyers. However, you may be eligible for the house and land package concession.
You can pay stamp duty through the Territory Revenue Office or via a conveyancer or solicitor who have return arrangements with the TRO.
They can include a range of expenses including legal fees, building inspection costs and bank fees. Review our guide.
If you want to dispute your stamp duty charge in the NT, you can lodge an objection with the Territory Revenue Office. You must lodge your objection in writing within 60 days of the duty being assessed.
Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products.
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