Property Transfers

Understanding the fees applicable to real estate property transfers

Property transfer duties, commonly referred to as the “welcome tax,” are payable to the Town upon the acquisition of real estate located within Hampstead. These duties are levied in accordance with the Act Respecting Duties on Transfers of Immovables and apply to most property transfers.

This page outlines the general calculation method, current applicable rates, and key information regarding billing. The amount payable is based on the highest of the sale price, market value, or municipal assessment value, in accordance with provincial legislation.

Payment Terms

Property transfer duties are payable in a single instalment within 30 days of the billing date. Please ensure payment is made by the due date to avoid additional charges.

How is it calculated?

The property transfer duty is calculated on the higher of the following values:
1.    «consideration» (sale price)
2.    «market value»
3.    «valuation roll»
Where «market value» is represented by the value of the property found on the current evaluation roll multiplied by a comparative factor designed to reflect the up-to date market and/or replacement value. This comparative factor is:

> 1.18 for 2022
> 1.0 for 2023
> 1.10 for 2024
> 1.08 for 2025
> 1.0 for 2026

Median proportion

In accordance with the provisions of section 264 of the Act respecting municipal taxation (RLRQ, chapter F-2.1) : Median proportion: 100%

Current rates

On the first $61,500 of the property value = 0.5%
On the next $61,500.01 of the property value (up to $307, 800) = 1.0%
On the next $307,800.01 of the property value (up to $552,300) = 1.5%
On the property value over $552 300 = 3%.

Property transfer duties are payable in a single instalment due 30 days after the invoice date.
For any exoneration of duties as stipulated in the deed of sale, the Town reserves the right to request supporting documents.

Forms

Transfer of Immoveables Disclosure

Exemption Disclosure

Property Transfers

Understanding the fees applicable to real estate property transfers

Property transfer duties, commonly referred to as the “welcome tax,” are payable to the Town upon the acquisition of real estate located within Hampstead. These duties are levied in accordance with the Act Respecting Duties on Transfers of Immovables and apply to most property transfers.

This page outlines the general calculation method, current applicable rates, and key information regarding billing. The amount payable is based on the highest of the sale price, market value, or municipal assessment value, in accordance with provincial legislation.

Payment Terms

How is it calculated?

Median proportion

Current rates

Forms

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