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Real Estate Market › Real Estate Transfers › Realty Transfer Taxes

Saul Ewing LLP

Philadelphia Increases Realty Transfer Tax Rate to 3.578% Starting July 1, 2025

Saul Ewing LLP on

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

Goulston & Storrs PC

D.C. Transfer and Recordation Taxes On Track to Decrease to 2.9%

Goulston & Storrs PC on

D.C.’s recordation and transfer tax rates on commercial or mixed-use properties are on track to decrease to a combined rate of 2.9% for transactions closing after September 30, 2023. ...more

Greenberg Glusker LLP

A Growing California Trend? A Guide to Real Property Transfer Tax Hikes

Greenberg Glusker LLP on

In addition to navigating through the uncertainty of current economic forecasts, real estate professionals should also be aware of a growing trend in the Golden State: real property transfer tax hikes. Recently, many...more

Blank Rome LLP

New York Enacts Changes to Liability Provisions of New York Real Estate Transfer Tax

Blank Rome LLP on

On April 7, 2021, the New York State Legislature passed the New York Budget Bill for fiscal year 2022 which was signed by Governor Andrew Cuomo on April 19, 2021 (the “Budget Bill”). S.B. S2509C, 2021 Leg., 2021 Reg. Sess....more

Goulston & Storrs PC

DC Transfer and Recordation Taxes Increased to 5%

Goulston & Storrs PC on

As anticipated, on Tuesday May 28, 2019, the DC Council unanimously approved increasing transfer and recordation taxes from 2.9% to 5% on transactions of over $2 million effective October 1, 2019 (assuming Congress does not...more

Akerman LLP

California Supreme Court Affirms Transfer Tax On Entity Control Change

Akerman LLP on

California allows cities and counties to impose a tax on certain real estate transfers at a rate of 1.1 percent of the sales price. Los Angeles County enacted an ordinance to impose the tax on transfers within the county....more

Cole Schotz

“Reverse” Like-Kind Exchanges Not Subject to NYS Real Estate Transfer Tax

Cole Schotz on

In an Advisory Opinion issued near the end of 2016, the New York State Department of Taxation and Finance has determined that the transfer of real property in New York State from an “exchange accommodation titleholder” to a...more

Holland & Knight LLP

Supreme Court of California Set to Decide Documentary Transfer Tax Case

Holland & Knight LLP on

The Supreme Court of California is slated to review a 2014 decision by the California Court of Appeal for the Second District, which held in 926 North Ardmore Avenue, LLC v. County of Los Angeles that a change in ownership of...more

Ballard Spahr LLP

Philadelphia Toughens Its Realty Transfer Tax Law

Ballard Spahr LLP on

Philadelphia just dramatically tightened its realty transfer tax rules to impose more realty transfer tax. Under the current Philadelphia and Pennsylvania realty transfer tax law, a real estate company owes realty transfer...more

Troutman Pepper Locke

Philadelphia Real Estate Transfer Taxes Rising in 2017

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Beginning January 1, 2017, Philadelphia’s real estate transfer tax will increase from 3 percent to 3.1 percent. That’s in addition to the Pennsylvania realty transfer tax of 1 percent, for a total of 4.1 percent....more

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