How we worked it out
Updated as you change the numbers.
- General rate: $200,000.00 at 1% = $2,000.00; $1,000,000.00 at 2% = $20,000.00.
Method and assumptions
Province of British Columbia: 1% on the first $200,000, 2% on the portion up to $2,000,000, 3% on the portion above $2,000,000, and a further 2% on residential property over $3,000,000.
Questions
How much property transfer tax on a $1,200,000 home in BC?
$22,000: 1% on the first $200,000 and 2% on the next $1,000,000.
Sources
Method and figures checked on November 2, 2026. Every worked answer on this page is covered by an automated test. Found a mistake? Tell us.