Condominium For Sale

The Tower By Plazacorp

$280,000

125 Western Battery Road 504, Toronto, ON, M6K 3S2

Owner`s Description

Assignment Sale
Closing in Dec 2012
No Parking

Property Features

Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer	Exposure: North
Location Details: None

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Ben Tung

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Listing Owner

Ben Tung

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Property Summary
Property ID:	9785
Property Cat:	Condo
Property Type:	Condos
Beds:	1
Baths:	1
Size:	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%

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 $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%.

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