Newly built home exemption amounts
If you qualify for the newly built home exemption, the amount of property transfer tax you pay depends on the fair market value of the property.
If the fair market value of your property is more than $750,000 and less than $800,000, you may qualify for a partial exemption.
Below is the amount of tax payable if 100% of the property transfer is eligible for the newly built home exemption.
| Fair market value | Exemption amount | Tax payable |
|---|---|---|
| Less than $750,000.00 | Full amount of tax normally due | $0 |
| $750,000.00 | $13,000.00 | $0 |
| $751,000.00 | $12,759.60 | $260.40 |
| $752,000.00 | $12,518.40 | $521.60 |
| $753,000.00 | $12,276.40 | $783.60 |
| $754,000.00 | $12,033.60 | $1,046.40 |
| $755,000.00 | $11,790.00 | $1,310.00 |
| $756,000.00 | $11,545.60 | $1,574.40 |
| $757,000.00 | $11,300.40 | $1,839.60 |
| $758,000.00 | $11,054.40 | $2,105.60 |
| $759,000.00 | $10,807.60 | $2,372.40 |
| $760,000.00 | $10,560.00 | $2,640.00 |
| $761,000.00 | $10,311.60 | $2,908.40 |
| $762,000.00 | $10,062.40 | $3,177.60 |
| $763,000.00 | $9,812.40 | $3,447.60 |
| $764,000.00 | $9,561.60 | $3,718.40 |
| $765,000.00 | $9,310.00 | $3,990.00 |
| $766,000.00 | $9,057.60 | $4,262.40 |
| $767,000.00 | $8,804.40 | $4,535.60 |
| $768,000.00 | $8,550.40 | $4,809.60 |
| $769,000.00 | $8,295.60 | $5,084.40 |
| $770,000.00 | $8,040.00 | $5,360.00 |
| $771,000.00 | $7,783.60 | $5,636.40 |
| $772,000.00 | $7,526.40 | $5,913.60 |
| $773,000.00 | $7,268.40 | $6,191.60 |
| $774,000.00 | $7,009.60 | $6,470.40 |
| $775,000.00 | $6,750.00 | $6,750.00 |
| $776,000.00 | $6,489.60 | $7,030.40 |
| $777,000.00 | $6,228.40 | $7,311.60 |
| $778,000.00 | $5,966.40 | $7,593.60 |
| $779,000.00 | $5,703.60 | $7,876.40 |
| $780,000.00 | $5,440.00 | $8160.00 |
| $781,000.00 | $5,175.60 | $8,444.40 |
| $782,000.00 | $4,910.40 | $8,729.60 |
| $783,000.00 | $4,644.40 | $9,015.60 |
| $784,000.00 | $4,377.60 | $9,302.40 |
| $785,000.00 | $4,110.00 | $9,590.00 |
| $786,000.00 | $3,841.60 | $9,878.40 |
| $787,000.00 | $3,572.40 | $10,167.60 |
| $788,000.00 | $3,302.40 | $10,457.60 |
| $789,000.00 | $3,031.60 | $10,748.40 |
| $790,000.00 | $2,760.00 | $11,040.00 |
| $791,000.00 | $2,487.60 | $11,332.40 |
| $792,000.00 | $2,214.40 | $11,625.60 |
| $793,000.00 | $1,940.40 | $11,919.60 |
| $794,000.00 | $1,665.60 | $12,214.40 |
| $795,000.00 | $1,390.00 | $12,510.00 |
| $796,000.00 | $1,113.60 | $12,806.40 |
| $797,000.00 | $836.40 | $13,103.60 |
| $798,000.00 | $558.40 | $13,401.60 |
| $799,000.00 | $279.60 | $13,700.40 |
| $800,000.00 | $0 | $14,000.00 |
