Welcome tax in Waterville
The 2024 welcome tax schedule in Waterville, examples with figures, a calculator and the refund for first-time buyers.
The table in Waterville
In Waterville, the municipality applies a higher rate than the provincial schedule on the portion of the price above $500,000 (bylaw in effect in 2024).
Up to $5,875 refunded
For a first home purchased starting in 2026, Quebec refunds 100% of the first $5,000 of duties paid, plus 25% of the next $3,500, up to $5,875. The credit decreases for a property worth more than $750,000 and disappears at $1 million. It is claimed on your income tax return.
| Part of the price | Rate |
|---|---|
| up to $62,900 | 0,5 % |
| from $62,900 to $315,000 | 1 % |
| from $315,000 to $500,000 | 1,5 % |
| over $500,000 | 2 % |
How much will you pay in Waterville?
Transfer duties calculated on the purchase price, according to the 2024 schedule:
| Purchase price | Welcome tax | More than with the base chart |
|---|---|---|
| 300 000 $ | 2 686 $ | — |
| 450 000 $ | 4 861 $ | — |
| 600 000 $ | 7 611 $ | +500 $ |
| 800 000 $ | 11 611 $ | +1 500 $ |
| 1 000 000 $ | 15 611 $ | +2 500 $ |
Calculate for your price
When and who to pay?
The welcome tax is paid only once, to the Cidade de Waterville. The bill arrives a few weeks after the deed of sale is registered. Include this amount in your budget, along with the down payment and the notary's fees. If the municipal assessment (multiplied by the comparative factor) is higher than the price paid, that amount is used for the calculation.
Sources: municipal by-law or page · provincial schedule (Québec.ca) · first-time buyer credit (Revenu Québec)
L'Aquaticook
Outdoors
This canoe route along the Rivière Coaticook links Dixville, Coaticook, Compton and Waterville, which has one of the launch points. It's an original way to discover the region's farmland landscapes from the river.
Discover L'Aquaticook →“The Rivière Coaticook gave birth to Waterville; paddling it by canoe is seeing the city from the angle that best explains its history.”
Real estate in Waterville
How much is the welcome tax in Waterville for a $600,000 property?
For a purchase price of $600,000, the welcome tax in Waterville is approximately $7,611 according to the 2024 schedule. That is $500 more than with the basic provincial schedule. The exact amount also depends on the municipal assessment, if it is higher than the price paid.
Am I entitled to a welcome tax refund in Waterville?
Yes, if you are buying your first home in Quebec. For a first home purchased starting in 2026, Quebec refunds 100% of the first $5,000 in duties paid, plus 25% of the next $3,500, up to $5,875. The credit decreases for a property worth more than $750,000 and disappears at $1M. It is claimed on your income tax return.
Does Waterville apply a higher rate than the provincial schedule?
Yes. In addition to the provincial table (0.5%, 1% and 1.5%), Waterville applies 2% on the portion above $500,000.
What amount is the welcome tax calculated on?
On the higher of two amounts: the price paid, or the municipal assessment multiplied by the year's comparative factor. In a market where prices are rising, it is almost always the price paid.
When is the welcome tax due?
Only once, to the Ville de Waterville. The bill arrives a few weeks after the deed of sale is registered with the notary, and it generally must be paid within 30 days. Include this amount in your budget from the offer to purchase.
How much is your property worth in Waterville?
A free, no-obligation comparative analysis based on recent sales in your area.