Joyce Byrne, Broker
SRS, ABR, HBA, MA
|
Land Transfer Tax
London, Ontario Area
Land transfer tax is a provincial tax levied on every purchase of real estate and collected by your lawyer on closing to be forwarded to the government.
CALCULATION EFFECTIVE JAN 2018
$5.00 per $1000.00 up to $55,000
$10.00 per $1000.00 from $55,000 to $250,000
$15.00 per $1000.00 from $250,000 to $400,000
$20.00 per $1000.00 over $400,000
|
Purchase Price |
Land Transfer Tax |
Purchase Price |
Land Transfer Tax |
Purchase Price |
Land Transfer Tax |
$100,000
|
$725.00
|
$305,000
|
$3050.00
|
$510,000
|
$6675.00
|
$105,000
|
$775.00
|
$310,000
|
$3125.000
|
$515,000
|
$6775.00
|
$110,000
|
$825.00
|
$315,000
|
$3200.00
|
$520,000
|
$6875.00
|
$115,000
|
$875.00
|
$320,000
|
$3275.00
|
$525,000
|
$6975.00
|
$120,000
|
$925.00
|
$325,000
|
$3350.00
|
$530,000
|
$7075.00
|
$125,000
|
$975.00
|
$330,000
|
$3425.00
|
$535,000
|
$7175.00
|
$130,000
|
$1025.00
|
$335,000
|
$3500.00
|
$540,000
|
$7275.00
|
$135,000
|
$1075.00
|
$340,000
|
$3575.00
|
$545,000
|
$7375.00
|
$140,000
|
$1125.00
|
$345,000
|
$3650.00
|
$550,000
|
$7475.00
|
$145,000
|
$1175.00
|
$350,000
|
$3725.00
|
$555,000
|
$7575.00
|
$150,000
|
$1225.00
|
$355,000
|
$3800.00
|
$560,000
|
$7675.00
|
$155,000
|
$1275.00
|
$360,000
|
$3875.00
|
$565,000
|
$7775.00
|
$160,000
|
$1325.00
|
$365,000
|
$3950.00
|
$570,000
|
$7875.00
|
$165,000
|
$1425.00
|
$370,000
|
$4025.00
|
$575,000
|
$7975.00
|
$170,000
|
$1475.00
|
$375,000
|
$4100.00
|
$580,000
|
$8075.00
|
$175,000
|
$1525.00
|
$380,000
|
$4175.00
|
$585,000
|
$8175.00
|
$180,000
|
$1525.00
|
$385,000
|
$4250.00
|
$590,000
|
$8275.00
|
$185,000
|
$1575.00
|
$390,000
|
$4325.00
|
$595,000
|
$8375.00
|
$190,000
|
$ 1625.00
|
$395,000
|
$4400.00
|
$600,000
|
$8475.00
|
$195,000
|
$1675.00
|
$400,000
|
$4475.00
|
$605,000
|
$8575.00
|
$200,000
|
$1725.00
|
$405,000
|
$4575.00
|
$610,000
|
$8675.00
|
$205,000
|
$1775.00
|
$410,000
|
$4675.00
|
$615,000
|
$8775.00
|
$210,000
|
$1825.00
|
$415,000
|
$4775.00
|
$620,000
|
$8875.00
|
$215,000
|
$1875.00
|
$420,000
|
$ 4875.00
|
$625,000
|
$8975.00
|
$220,000
|
$1925.00
|
$425,000
|
$4975.00
|
$630,000
|
$9075.00
|
$225,000
|
$1975.00
|
$430,000
|
$5075.00
|
$635,000
|
$9175.00
|
$230,000
|
$2025.00
|
$435,000
|
$5175.00
|
$640,000
|
$9275.00
|
$235,000
|
$2075.00
|
$440,000
|
$5275.00
|
$645,000
|
$9375.00
|
$240,000
|
$2125.00
|
$445,000
|
$5375.00
|
$650,000
|
$9475.00
|
$245,000
|
$2175.00
|
$450,000
|
$5475.00
|
$655,000
|
$9575.00
|
$250,000
|
$2225.00
|
$455,000
|
$5575.00
|
$660,000
|
$9675.00
|
$255,000
|
$2300.00
|
$460,000
|
$ 5675.00
|
$665,000
|
$9775.00
|
$260,000
|
$2375.00
|
$465,000
|
$5775.00
|
$670,000
|
$9875.00
|
$265,000
|
$2450.00
|
$470,000
|
$5875.00
|
$675,000
|
$9975.00
|
$270,000
|
$2525.00
|
$475,000
|
$5975.00
|
$680,000
|
$10,075.00
|
$275,000
|
$2600.00
|
$480,000
|
$6075.00
|
$685,000
|
$10,175.00
|
$280,000
|
$2625.00
|
$485,000
|
$6175.00
|
$690,000
|
$10,275.00
|
$285,000
|
$2750.00
|
$490,000
|
$6275.00
|
$695,000
|
$10,375.00
|
$290,000
|
$2850.00
|
$495,000
|
$6375.00
|
$700,000
|
$ 10,475.00
|
$295,000
|
$2900.00
|
$500,000
|
$6475.00
|
|
|
$300,000
|
$2975.00
|
$505,000
|
$ 6575.00
|
|
|
Click Here to view Part 2 - Land Transfer Tax Exemption for First-Time Buyers
|
Joyce Byrne, Broker
Sutton Group Preferred Realty Inc., Brokerage
Independently Owned & Operated
181 Commissioners Rd W London ON Canada N6J 1X9
|
Canada's Most Complete Real Estate Website
www.homesforsaleinlondon.com
|
|