High-Rise Condo For Sale
126 Simcoe Street At Nelson , Toronto, ON, M5H 3C6
Gym, 24-hour concierge | Pool | Guest Suites | Rooftop Terrace
Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer
Bath and shower, Bath Tub
Close to All Services, Near Park, Near Schools, Adanac Parkette , Bellamy Road Tot Lot , Cedargrove Park , Colonial Park , and Pringdale Ravine, FIVE Condos, Studio Condominiums - South Structure, Studio Condominiums - North Structure, Bellamy Towers - 126, Bellamy Lane Co-operative, Ujamaa Co-operative, Bellamy Towers - 123, 15 Torrance Road, 400 McCowan Road, and Sorrento Apartments
606 - 1,635 sq. ft
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $290,000.00 is $5,450.00 and the annual property tax based on Assessment value of $290,000.00 is $2,299.00."
* 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 $290,000.00
Total Tax is: $2,299.00*
$670.00 goes to Education
$1,630.00 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%.