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...more
6/24/2025
/ Affordable Housing ,
Commercial Real Estate Market ,
Housing Market ,
Mortgages ,
New Legislation ,
Pennsylvania ,
Property Owners ,
Real Estate Market ,
Real Estate Transactions ,
Real Estate Transfers ,
Realty Transfer Taxes ,
Recording Fees ,
State and Local Government ,
Tax Rates ,
Transfer Taxes
Responding to calls from Philadelphia’s housing advocates to generate tax revenue for affordable housing, Philadelphia City Council adopted a trio of ordinances on December 2, affecting most new construction projects...more