Municipal Land Transfer Tax Rates
The MLTT will be charged on a graduated basis depending on the value of consideration paid for the property.
For property containing at least one, and not more than two, single family residences with a consideration value of:
| Value of Consideration | MLTT Rate |
| Up to and including $55,000.00 | 0.5% plus |
| $55,000.01 to $400,000.00 | 1.0% plus |
| Over $400,000.00 | 2.0% |
For all other property with a consideration value:
| Value of Consideration | MLTT Rate |
| Up to and including $55,000.00 | 0.5% plus |
| $55,000.01 to $400,000.00 | 1.0% plus |
| $400,000.01 to $40,000,000.00 | 1.5% plus |
| Over $40,000,000.00 | 1.0% |
FOR EXAMPLE: A home with a consideration value of $500,000.01 (excluding GST):
| MLTT Rate | Calculation |
| 0 to $55,000.00 | 55,000.00 x 0.005 = $275.00 |
| $55,000.01 to $400,000.00 | $344,999.99 x 0.01= $3,450.00 |
| $400,000.01 to $500,000.00 | $99,999.99 x 0.02= $2,000.00 |
| Total MLTT= $5,725.00 | |
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