Huntsville Real Estate - Len Clarke and Cory Clarke - Royal LePage Lakes of Muskoka Realty - Hunstville, Ontario

Len Clarke

Sales Representative

Lakes of Muskoka
Realty Brokerage
395 Centre St. N.
Huntsville, ON.
P1H 2P5
Tel.: 705-789-9677
Cell: 705-787-6897
Email Me

Cory Clarke

Sales Representative

Lakes of Muskoka
Realty Brokerage
395 Centre St. N.
Huntsville, ON.
P1H 2P5
Tel.: 705-789-9677
Cell: 705-788-8008
Email Me

For residential properties

Purchase Price

Calculation of Land Transfer Tax

0 to $55,000
.005 x Amount
$55,001 to $250,000
(.01 x Amount) minus 275
$250,001 to $400,000
(.015 x Amount) minus 1,525
Greater than $400,000
(.02 x Amount) minus 3,525

Example:   Purchase Price = $275,000

Land Transfer Tax =  (.015 x $275,000) minus $1,525  =  $2,600

For commercial properties

Purchase Price Calculation of Land Transfer Tax
0 to $55,000
.005 x Amount
$55,001 to $250,000
(.01 x Amount) minus 275
Greater than $250,000
(.015 x Amount) minus 1,525

Example: Purchase Price = $375,000

Land Transfer Tax =  (.015 x $375,000) minus $1,525  =  $4,100