Philadelphia Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in Philadelphia estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the City of Brotherly Love, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Philadelphia real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
How the Philadelphia Transfer Tax is Calculated
Philadelphia’s transfer tax, known as a Realty Transfer Tax, is calculated at a rate of 3.278% of the property’s sale price.
For example, if you sold your home for $322,500 (Philadelphia’s median home price), you could expect to pay $10,571 in Philadelphia transfer taxes.
Another Transfer Tax Philadelphia Sellers Typically Pay
You’ll also have to pay the state of Pennsylvania’s transfer tax rate, which is levied at a rate of 1% of the property’s sale price.
»Learn more: Understanding Philadelphia’s Transfer Tax: A Quick Guide
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s Philadelphia Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the Philadelphia Transfer Tax?
While it’s customary for the seller to pay the Philadelphia realty transfer tax, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.
Some Philadelphia home sales may be exempt, such as:
- Transfers between spouses.
- Transfers directly between ascendants and descendants, such as grandparents to grandchildren and parents to children.
- Transfers between siblings, including legally adopted and half-siblings.
- Spouses of these family members also qualify for these exemptions.
Make Buying and Selling Easier: Most Philadelphia sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your Philadelphia Home Sale
Here are some additional tools to help you plan your Philadelphia home sale:
- Net Proceeds Calculator
- Map of recently sold homes in Philadelphia
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your Philadelphia home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your Philadelphia home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top Philadelphia agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: