Formula applied
The exact method behind this answer
CalculationTime keeps the method visible so the number can be checked instead of blindly trusted.
Duty is calculated from the selected state sliding scale, then effective rate = duty / property value x 100 and total purchase cost = property value + duty.- Apply the formulaDuty is calculated from the selected state sliding scale, then effective rate = duty / property value x 100 and total purchase cost = property value + duty.$34,070Victoria; effective rate 5.2%; total purchase cost $684,070. Estimate only.