How much is real estate transfer tax in PA?
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Studied at the University of Manchester, Lives in Manchester, UK.
Think of the transfer tax (or tax stamp) as a sales tax on real estate. The State of Pennsylvania charges 1% of the sales price and the municipality and school district USUALLY charge 1% between them for a total of 2% (i.e. 2% X 100,000 = $2,000). By custom, the buyer and seller split the cost.
2023-06-15 18:08:40
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Felix Patel
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Think of the transfer tax (or tax stamp) as a sales tax on real estate. The State of Pennsylvania charges 1% of the sales price and the municipality and school district USUALLY charge 1% between them for a total of 2% (i.e. 2% X 100,000 = $2,000). By custom, the buyer and seller split the cost.