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State and Local Government Affordable Housing 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

Holland & Knight LLP

Los Angeles Voters Approve "Mansion Tax" Affecting High-Value Real Property

Holland & Knight LLP on

In response to the homelessness crisis, voters in the city of Los Angeles approved Measure ULA, aka the "mansion tax," on Nov. 8, 2022. Measure ULA seeks to raise funding for affordable housing and tenant assistance programs...more

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