![](https://s.realtyninja.com/static/media/med/11092_da18f2c0_Copy_of_property_tax_and_HOG_reminder.png)
Effective April 1, 2024 the increased exemption amounts for the First-Time Home Buyer & Newly-Built Home exemptions will be as follows:
- First-Time Home Buyer Exemption
- First-time home buyers can now save up to $8,000 on Property Transfer Tax on eligible purchases with a fair market value of up to $835,000 (previously $500,000).
- A partial amount of PTT...