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 2014

$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