Phillys Realty Transfer Tax rate is now 4.578

Philadelphia's Realty Transfer Tax rate has risen to 4. 578%, effective July 1, 2025, following an adjustment in the city portion to 3. 578%. This increase aims to support the H. O.

M. E. Plan, a $2 billion initiative targeting the construction of 30,000 affordable housing units across the city. While the Commonwealth's portion remains at 1%, those involved in property transactions must account for this new total rate. Exemptions are available for property transfers to close family members, but documentation is necessary to qualify.

Additionally, transfers under a will are exempt, though selling a property from an estate incurs the tax. Payment is due upon recording the deed, with a 30-day grace period for settlement. The city encourages online payments through the Philadelphia Tax Center for convenience. This tax adjustment highlights the city's commitment to addressing housing needs amid rising real estate costs.