New City of Toronto MLTT High Value Residential Property Tax Rates
30
Mar
Effective April 1, 2026, the City of Toronto has revised the graduated Municipal Land Transfer Tax rates for high value residential properties containing at least one, and not more than two, single family residences. The thresholds are now as follows:
| Value of Consideration | Revised Rate |
|---|---|
| Over $3,000,000 and up to $4,000,000 | 4.40 percent |
| Over $4,000,000 and up to $5,000,000 | 5.45 percent |
| Over $5,000,000 and up to $10,000,000 | 6.50 percent |
| Over $10,000,000 and up to $20,000,000 | 7.55 percent |
| Over $20,000,000 | 8.60 percent |
For more information, consult the City of Toronto site.