Condominium For Sale
Gramercy Park Condos - 1 Bedroom Assignment For Sale By Owner
525 Wilson Avenue , Toronto, ON, M3K 1E3
Built-in dishwasher, Built-in Oven, Dryer, Fridge, Stove, Washer
Highway Access, Public Transportation, close to Yorkdale
||590 sq. ft|
|Year of Construction: ||2012|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $265,000.00 is $4,825.00 and the annual property tax based on Assessment value of $265,000.00 is $2,101.00."
* 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 $265,000.00
Total Tax is: $2,101.00*
$612.00 goes to Education
$1,489.00 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%.