Philadelphia Transfer Tax: What Buyers and Sellers Should Know
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Philadelphia has one of the highest realty transfer tax rates in the country. It applies when property changes hands, combines a city tax with the Pennsylvania state tax, and is commonly split between buyer and seller. Confirm current rates with your title company before you budget.
Why it matters for buyers
Your share of transfer tax is part of your cash to close, alongside your down payment and other settlement costs. Max builds it into your budget from the first consultation so there are no surprises at settlement.
Why it matters for sellers
For sellers, transfer tax affects your net proceeds. When you set a list price and evaluate offers, Max shows you the estimated net alongside the headline number.
New Jersey works differently
In New Jersey, the seller generally pays a realty transfer fee, and some higher-priced purchases carry an additional fee for the buyer. If you are comparing Philadelphia and New Jersey, Max walks you through both so you can compare the full cost.
