Beautiful 900 square feet newly renovated condo in Tridel Skymark 2 building. The suite has a large balcony, ensuite laundry room and lots of storage space. Large rooms make this condo a great living with an open concept kitchen and a separate dining room.
The building offers 24 hours gatehouse security, underground parking and located near parks and shopping.
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $279,000.00 is $5,175.00 and the annual property tax based on Assessment value of $279,000.00 is $2,212.00."
* The land transfer tax formula for Ontario
$0 to $55,000.00 - land transfer tax is 0.5% plus $55,000.00 to $250,000.00 - land transfer tax is 1.0% plus $250,000.00 to $400,000.00 - land transfer tax is 1.5% plus $400,000.00 and up - land transfer tax is 2.0%
Plus
* The land transfer tax formula for Toronto, ON
$0 to $55,000.00 - land transfer tax is 0.5% plus $55,000.01 to $400,000.00 - land transfer tax is 1.0% plus $400,000.00 and up - land transfer tax is 2.0%
The annual property tax for Toronto ON
Assessment Value of $279,000.00
Total Tax is: $2,212.00* $644.00 goes to Education $1,568.00 goes to the City
The total property tax is divided between city tax and education tax. A portion of this tax goes to fund the Province's Education system.
For 2011 the municipal tax rate is 0.5619218%. For 2011 the education tax rate is 0.231000%. The total tax rate for 2011 is 0.7929218%.
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