Call Josh Reso Now - Reliable, Knowledgeable and Accessible!
Josh Reso has been selling homes in Orangeville & the surrounding communities since 2003. He brings to the negotiation table, great knowledge of Orangeville Homes, Condos, Commercial and Farm properties for sale in the community in which he resides. As a Royal LePage top negotiator, the client's needs always come first. Whether you are buying or selling, Josh can offer you expert advice, professional market evaluations & after sale support. Your questions answered, when you have them!
Purchasers in most large Canadian centres can add Land Transfer Taxes to their list of closing costs.
Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from a half a per cent to two per cent of the total value of the property.
Many provinces have multi-tiered taxation systems that can prove complicated. If you purchase a property for $260,000 in Ontario, for example, .5 per cent is charged on the first $55,000, 1 per cent is charged on $55,000 - $250,000, while the $250,000 - $400,000 range is taxed at 1.5 per cent. Your total tax bill? $2,375.00.