Philadelphia real estate transfer tax certification 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. In Section A, enter the name, address, and telephone number of the correspondent responsible for completing the form.
  3. Move to Section B for Transfer Data. Fill in the date of acceptance of the document and provide names and addresses for all Grantors/Lessors and Grantees/Lessees. If necessary, attach additional sheets.
  4. In Section C, complete the Property Location details including tax parcel number and county where applicable.
  5. Proceed to Section D for Valuation Data. Enter Actual Cash Consideration, Other Consideration, County Assessed Value, Common Level Ratio Factor, and calculate Fair Market Value.
  6. If claiming an exemption in Section E, specify the percentage of exemption and interest conveyed. Check the appropriate box for exemptions claimed and provide any required documentation.
  7. Finally, ensure that a responsible party signs the form before submission.

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Pennsylvania 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.
Who pays the Transfer Tax? In most sales agreements, the seller and the buyer split the tax. However, the new owner is responsible if there is any question over the amount of tax paid. The Recorder of Deeds Office will not accept a deed unless the tax is paid at the time of recording.
Pennsylvanias transfer tax, known as a realty transfer tax, is calculated at a rate of 1% of the propertys sales price. For example, if you sold your home for $301,000 (Pennsylvanias median home price), you could expect to pay $3,010 in Pennsylvania transfer taxes.
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To add, remove, or change a name on a deed, have a lawyer, title company, or other real estate professional prepare the deed. Then, record the new deed with the Department of Records.
Effective July 1, 2025, the realty transfer tax rate for properties or acquired real estate companies sold in the City and County of Philadelphia will increase to 3.578%, in addition to the Commonwealth of Pennsylvania realty transfer tax rate of 1%, bringing the total tax rate to 4.578%.
Some real estate transfers are exempt from realty transfer tax, including certain transfers among family members, to governmental units, between religious organizations, to shareholders or partners and to or from nonprofit industrial development agencies.
One to the City for 3.278% of the sale price (plus any assumed debt), and. One to the Commonwealth for 1% of the sale price (plus any assumed debt).

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