Transfer of Property Tax or “Welcome Tax”
The tax, which is based on the selling price or on the M.U.C. evaluation of the property whatever is greater. It will be calculated as follows:
|
Taxation Base
|
Taxation Rate
|
|
$0 – $50,000
|
0.5%
|
|
$50,000 – $250,000
|
1%
|
|
$250,000 – $500,000
|
1.5%
|
|
Over $500,000
|
2%
|
After you have signed the deed of sale at the notary’s office, the municipality will send you an invoice shortly after you have moved into your new home. We are glad to have you, come again!
Example #1 Sales price: $ 150,000
|
.005 x $ 50,000 =
|
$ 250 |
|
.01 x $ 100,000 =
|
$ 1,000 |
|
Transfer tax
|
$ 1,250 |
Example # 2 Sales price: $ 300,000
|
.005 x $ 50,000 =
|
$ 250 |
|
.01 x $ 200,000 =
|
$ 2,000 |
|
.015 x $ 50,000 =
|
$ 750 |
|
Transfer tax
|
$ 3,000 |
|
Example #3 |
Sales price |
Transfer tax |
|
|
$ 100,000 |
$ 750 |
|
|
$ 150,000 |
$ 1,250 |
|
|
$ 200,000 |
$ 1,750 |
|
|
$ 250,000 |
$ 2,250 |
|
|
$ 300,000 |
$ 3,000 |
|
|
$ 350,000 |
$ 3,750 |
|