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Pennsylvania realty transfer tax is imposed at a rate of 1 percent on the value of real estate (including contracted-for improvements to property) transferred by deed, instrument, long-term lease or other writing. Both grantor and grantee are held jointly and severally liable for payment of the tax.
Pennsylvania realty transfer tax is collected, often along with an additional local realty transfer tax, by county Recorders of Deeds. The Recorders of Deeds remit the commonwealth's 1 percent to the Department of Revenue, and the locals have the option to share their realty transfer tax among school districts and municipalities.
So - on that transaction - the transfer tax is imposed 1% state and 1% local - total 2% of the purchase price.
It is very common practice that the transfer tax is divided equally between the buyer and the seller.
Please communicate with your real estate agent.
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