Mid-Rise Condo For Sale
68 Merton Street , Toronto, ON, M4S 1X8
Life Condos conveniently located in Toronto midtown area on desirable Merton Street next to all amenities and a show distance to downtown Toronto.
- Free Storage Locker for the first 25 deals
- No Assignment Fee
- Granite kitchen countertop
Gym, Security 24/7, Party Room, Guest Suite, Meeting Room
Stainless steel appliances
Laminate, Marble, Engineered laminate strip flooring
Close to All Services, Near Park, Near Schools, Public Transportation, Yonge Street, Davisville Subway Station
1 bed, 1 bed + den, 2 bed, 2 bed + den, Townhomes
488 - 1,342 sq. ft
|Ceiling Height: ||9 ft.|
|Year of Construction: ||2014|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $260,000.00 is $4,700.00 and the annual property tax based on Assessment value of $260,000.00 is $2,062.00."
* 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 $260,000.00
Total Tax is: $2,062.00*
$601.00 goes to Education
$1,461.00 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%.