Condominium For Sale
The Tower By Plazacorp
125 Western Battery Road 504, Toronto, ON, M6K 3S2
Closing in Dec 2012
Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer
||571 sq. ft|
|Year of Construction: ||2012|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $280,000.00 is $5,200.00 and the annual property tax based on Assessment value of $280,000.00 is $2,220.00."
* 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 $280,000.00
Total Tax is: $2,220.00*
$647.00 goes to Education
$1,573.00 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%.