WebMar 25, 2024 · A documentary transfer tax is imposed in many situations when real estate is sold, and ownership of property is transferred. The tax is usually a percentage of the sales price based on increments of value, such as $0.55 per $500 of value. Transfers of property between spouses and family members are normally exempt from this tax. WebNov 8, 2024 · The Commonwealth imposes a 1% transfer tax on the value of the real estate. However, Philadelphia imposes an additional 3.278% tax on the value of the …
Philadelphia County Recorder Information Pennsylvania
WebPublic Property Records provide information on homes, land, or commercial properties, including titles, mortgages, property deeds, and a range of other documents. They are maintained by various government offices in Philadelphia County, Pennsylvania State, and at the Federal level. They are a valuable tool for the real estate industry, offering ... WebFeb 17, 2024 · In Philadelphia, for example, 3.278% is paid to the city along with the 1% paid to the Commonwealth. Bellevue, in Allegheny County, charges 1.5% in transfer taxes. The exact amount that you'll … hiitt111
Everything You Ever Wanted To Know About The Philadelphia Tax Abatement ...
WebOfficial site of the City of Philadelphia, includes information on municipal services, permits, licenses, records for citizens and businesses WebForms: City of Philadelphia Transfer Tax Certification 1 files 45 downloads June 13, 2016: Download: Corporate Purchasers Affidavit 2 files ... The forms are made available herein solely as a courtesy to our clients and no representations are made as … WebPennsylvania realty transfer tax is imposed at a rate of 1 percent on the value of real estate (including contracted-for improvements to property) transferred by deed, instrument, long-term lease or other writing. Both grantor and grantee are held jointly and severally liable for payment of the tax. hiit station