Transfer tax on a property purchase.
A worked example
Starting figures
- Purchase price
- $450,000
- Transfer tax rate
- 3%
- Surcharge
- $0
What it returns
- Tax due
- $13,500
- Effective rate
- 3.00%
- Base tax
- $13,500
- Surcharge
- $0
How to read the results
With the defaults above, tax due works out at $13,500.