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Transfer Tax in Philadelphia Form

Transfer Tax in Philadelphia Form

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[Music] the realtor I'm sure Eastland also known as agent lady and today guys we're going to talk about transfer tax well what is transfer tax it's one of the fees that you have as part of your closing cost and like oh I my closing cost of hi well this is part of it so it's a total of the city in the Commonwealth so you had three point two seven eight from the city and one percent from the Commonwealth which is PA so four point two seven eight is the total and that is split between buyer and seller so you pay at the buyer into point one thirty nine and as the silo you paid two point one three nine unless that's negotiated so that's what transfer tax is and actually went up like twice within the last two years last time it was like two point oh five percent and the time before then was two percent so as you can see the city is increasing that percentage to I guess get more money so that pretty much sums it up guys that's your transfer tax expected it's not going anywhere if anything it

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