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Important changes to recording fees and transfer tax starting July 1, 2025

Philadelphia, PALocal News

Philadelphia's Department of Records will implement fee increases starting July 1, 2025, affecting several property transaction costs. Document recording fees will rise by $3, with new rates set at $277. 75 for deeds and $245. 75 for mortgage assignments. Additionally, the realty transfer tax will increase from 3.

278% to 3. 578%. The fee adjustments aim to generate funds for affordable housing projects, including support for first-time homebuyers and the creation of new housing units. This initiative is part of Mayor Parker's H. O.

M. E. plan, a $2 billion program designed to create and preserve 30,000 housing units over the next four years. Buyers and sellers should prepare for these changes when planning real estate transactions. For more information on the new fees and procedures, residents can visit the city's webpage or contact the Department of Records directly.

These measures reflect the city's commitment to enhancing affordable housing options for its residents.

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