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 Property Tax Calculation "The Land Transfer Tax in Toronto, Ontario based on the selling price of $248,400.00 is $4,418.00 and the annual property tax based on Assessment value of $248,400.00 is $1,970.00." * 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 $248,400.00 Total Tax is: $1,970.00*  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 High-Rise Condo For Sale | 





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