Land Transfer Tax

0.5% of the value of consideration for the transfer up to and including $55,000, 1% of the value of the consideration which exceeds $55,000 up to and including $250,000, and 1.5% of the value of the consideration which exceeds $250,000, and 2% of the amount by which the value of the consideration exceeds $400,000 for land that contains at least one and not more than two single family residences.