Purchase Price                        Calucation of Land Transfer Tax

$ 0 to $ 55,000                      .005 x Purchase Price

$ 55,001 to $ 250,000           (.01 x Purchase Price) minus $ 275

$250,001 to $ 400,00          (.015 x Purchase Price) minus $ 1525

$ 400,001 plus                  (.02 x Purchase Price) minus $ 3525

Example ($250,000 x .01) - $ 275 =$ 2,225.00 Land Transfer Tax for Purchase