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Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $1,495,000.00 is $52,000.00 and the annual property tax based on Assessment value of $1,495,000.00 is $11,854.00." * 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 $1,495,000.00 Total Tax is: $11,854.00* 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%.
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| See Also: Toronto Real Estate Toronto Condos For Sale Toronto Commercial For Sale |
