What is the Realty transfer tax percentage required in Pennsylvania at the time of property transfer?

The Realty Transfer Tax in Pennsylvania is set at a base rate of 1% of the property’s sale price at the time of the transfer. This tax is applied to the total consideration, which includes any cash or other things of value paid for the property. Different municipalities may impose their own additional transfer taxes, but the statewide rate is specifically 1%.

This percentage reflects a standard approach to capturing revenue from property transactions, allowing for funding of various public services. Understanding this rate is critical for prospective buyers and sellers, as it directly impacts the overall costs associated with real estate transactions in the state.