- December 16, 2016
- All Pennsylvania Issuing Offices
- UNDERWRITING - Philadelphia Realty Transfer Tax Increase Effective January 1, 2017
Beginning January 1, 2017, the City of Philadelphia’s real estate transfer tax will increase from 3.0 percent to 3.1 percent. Bill 160471 amends Chapter 19-1400 of The Philadelphia Code; a copy of the code is attached here:
The Philadelphia realty transfer tax is in addition to the Pennsylvania realty transfer tax of 1 percent. Consequently, a sale of property in Philadelphia will now be subject to a total realty transfer tax rate of 4.1 percent.
All deeds presented for recording after January 1, 2017, must be accompanied by a 4.1 percent tax payment (3.1 percent for the City of Philadelphia’s realty transfer tax and 1 percent for the Commonwealth of Pennsylvania’s realty transfer tax).
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