Property Transfer Tax Calculator

The Property Transfer Tax (PTT) is payable on a “taxable transaction” that is registered at the Land Title Office. The majority of residential transactions in British Columbia will incur PTT at the rate of 1% for the first $200,000 and 2% for the (fair market) value that is greater than $200,000. The various rates for PTT are provided below:

  • 1% on the first $200,000 of fair market value;
  • 2% on the portion of fair market value over $200,000 up to $2 million;
  • 3% on that part of the fair market value over $2 million up to $3 million; and
  • 5% of the portion of fair market value over $3 million on residential property.

This page provides an estimate of the property transfer tax that is payable based on the “fair market value of your home” in an open market where buyers freely bid to get the best price for themselves.