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Newfoundland Land Transfer Tax Calculator

When you a buy a house or condo in Newfoundland you are subject to land transfer tax on closing. Use Ratehub.ca’s calculator to determine your land transfer tax or view Newfoundland’s current rates below.

Ratehub.ca's land transfer tax calculator

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Determining your land transfer tax

Provincial

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Municipal

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Rebate

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Land transfer tax

$-

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Land transfer tax rates in Newfoundland

In Newfoundland and Labrador, the land transfer tax is charged on the property value and mortgage amount as follows:

Property value Tax amount 
$500 or less $100.00
greater than $500 $100.00 plus $0.40 for each additional one hundred dollars of value or part of one hundred dollars.
Mortgage value Tax amount
$500 or less $100.00
greater than $500 $100.00 plus $0.40 for eac

 

Newfoundland land transfer tax example calculation

Let’s assume you are purchasing a house worth $500,000 with a 20% down payment resulting in a $400,000 mortgage.


1. Land transfer tax on the property value

  • ( $500,000 property value $500 lower tax bracket )
    ÷ $100 tax portion size
    = 4995 portions of value up to $100 (round up)

  • $100 base value
    + ( $0 tax per $100 portion × 4995 portions of value up to $100 )
    = $2,098 land transfer tax on property value

 

2. Land transfer tax on the mortgage amount

  • ( $400,000 mortgage amount $500 lower tax bracket )
    ÷ $100 tax portion size
    = 3995 portions of value up to $100 (round up)

  • $100 base value
    + ( $0 tax per $100 portion × 3995 portions of value up to $100 )
    = $1,698 land transfer tax on property value

 

3. Total land transfer tax 

  • $2,098 land transfer tax on property value $1,698 land transfer tax on property value
    $3,796 totaltransfer tax on property value

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