Transfer Of TitleTaxesMEDIUM
Pennsylvania's real estate transfer tax rate is:
Correct Answer
B) 2% (1% state, 1% local typically)
Pennsylvania's transfer tax is typically 2% total - 1% to the state and 1% to the local municipality (varies by location).
Answer Options
A
1% (split between state and local)B
2% (1% state, 1% local typically)C
3%D
4%Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
closing-costs-calculationreal-estate-closing-procedurespennsylvania-real-estate-regulations
Key Terms:
realty transfer taxPennsylvania transfer tax72 P.S. 8101-Cclosing costsstate and local tax
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