Below are the rates for MLTT calculations for properties closing on or after February 1, 2008, and prior to March 1, 2017. For property containing at least one, and not more than two, single family residences with a consideration value of:

Value of Consideration MLTT Rate
Up to and including $55,000.00 0.5%
$55,000.01 to $400,000.00 1.00%
Over $400,000.00 2.00%

 

For all other properties with a consideration value of:

Value of Consideration MLTT Rate
Up to and including $55,000.00 0.50%
$55,000.01 to $400,000.00 1.00%
$400,000.01 to $40,000,000.00 1.50%
Over $40,000,000.00 1.00%