Northwest Territories Land Transfer Tax Calculator

All you need to know about Land Transfer Tax in Northwest Territories(NWT): Use our NWT land transfer tax calculator below to estimate how much land tax you’ll pay to buy a property in NWT.

Northwest Territories Land Transfer Tax

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Table of Contents

Overview of NWT Land Transfer Tax

You are subject to a Land Transfer Tax when you buy or take ownership of a property in the Northwest Territories.

The Land Transfer Tax is based on the value of the property and the mortgage amount.

Northwest Territories Land Transfer Tax Calculator

Living In Northwest Territories

There are so many reasons to live in the Northwest Territories, Canada. There are about 12 Ski hills all within the region where people may enjoy snowboarding and skiing for fun. Multiple beaches can be enjoyed during the summer months to cool off from the hot weather experienced in the region.
For those who love an active lifestyle, Northwest Territories has many options, such as hiking trails, biking trails, and running courses all around the area for people to enjoy. The area is also well known for its many lakes and rivers, which are great for fishing, kayaking, and canoeing.

Northwest Territories Land Transfer Tax

Brief Facts About Living In Northwest Territories

"Spectacular Northwest Territories"

Median House Price

$491,000

Average Mortgage

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Population

44,826

Median Household Income

$71,900

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Northwest Territories Land Transfer Tax Rates

You are subject to a Land Transfer Tax when you buy or take ownership of a property in the Northwest Territories. The Land Transfer Tax is based on the value of the property and the mortgage amount

Property Value

  • $100.00 charge or 0.20% of the property value, whichever is the highest
  • $1,500 plus 0.15% for the portion above the $1,000,000. property value

 

Mortgage Value

  • 0.10% of the total mortgage amount (minimum charge of $80).

 

On the property value

Applicable Fee Rate

Up to $1,000,000

$100.00 charge or 0.20% of the property value, whichever is the highest

Greater than $1,000,000

$1,500 plus 0.15% for the portion above the $1,000,000. property value

Mortgage Value

Applicable Fee Rate

On the mortgage amount

0.10% of the total mortgage amount (minimum charge of $80).

NWT Land Transfer Tax Calculation Example

To illustrate how the land transfer tax calculation works, let’s assume you are purchasing an $800,000 property in Yellowknife and taking out a $600,000 mortgage to finance the purchase.

Calculation

Property Value Tax

$800,000.00

Property Value

0.2%

Rate

$1,600.00

Propety Value Tax

Mortgage Loan Value Tax

$600,000.00

Mortgage Loan Value

0.10%

Rate

$600.00

Mortgage Value Tax

$2,200.00

Land Transfer Tax For A $800K Property Value & $600K Mortgage Loan

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