Philadelphia News and Views Transfer Tax Increase
By Hannah Williams, Expertise NE Philadelphia & Bucks 215-820-3376
(HomeStarr Realty)
Philadelphia’s transfer tax is going up on July 1As of July 1, the city’s portion of real estate transfer tax will increase from 3.278% to 3.578%. The state will remain at 1%, resulting in a total of 4.578% for transactions in Philadelphia. Even if your transaction happens before July 1, if you don’t register the deed before July 1, the new transfer tax rate will apply.Source: Philadelphia Inquirer; 6/13/2025The City of Philadelphia has some of the highest transfer taxes in the country. The transfer tax is typically split equally between the buyer and the seller at the time of final settlement. What renters and landlords need to know about changes to security depositsPhiladelphia City Council passed two key housing bills on June 12, setting the stage for them to become law in the comi...
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