Apartment For Sale
25 , Toronto, ON,
Built-in dishwasher, Dryer, Fridge, Stove, Washer, black
Bath and shower, Separate Shower
Highway Access, Near Park, Near Schools, Public Transportation, shopping
||200,000 sq. ft|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $199,900.00 is $3,448.00 and the annual property tax based on Assessment value of $199,900.00 is $1,585.00."
* 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%
* 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 $199,900.00
Total Tax is: $1,585.00*
$462.00 goes to Education
$1,123.00 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%.