Definitions for "Mortgage Stamp Duty"
State government tax calculated on the borrowers loan amount.
Also called Loan Stamp Duty. A stamp duty charged by the State Government on the mortgage. Differs in rate in each state and the borrower may be partially exempt if refinancing a loan of a particular property. First home buyers may receive an exemption dependent on property value and other criteria. Use the Home Loan Advice Centre stamp duty calculator to find out how much stamp duty your loan attracts.
a State Government tax assessed on the dollar value of a mortgage.