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Calculate the Land Transfer Tax on a house for 248000

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tamthien22072000

Answer:Calculate the Land Transfer Tax on a house for 248000

   Calculation example

1.multiply $55,000 by 0.5% (55,000 × 0.005) = $275.

2.multiply the amount exceeding $55,000 up to $250,000 by 1.0% (195,000 × 0.01) = $1,950.

3.multiply the amount exceeding $250,000 up to $400,000 by 1.5% (150,000 × 0.015) = $2,250.

Step-by-step explanation:

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