What is the Pennsylvania state Realty Transfer Tax rate?

Explanation

Pennsylvania's state Realty Transfer Tax is 1% of the property's sale price or computed value, whichever is higher. Most municipalities add a local Realty Transfer Tax of 1%, for a combined total of 2%. Philadelphia's local rate is approximately 3.278%, making the total Philadelphia transfer tax about 4.278%. The tax applies to deeds, long-term leases, and certain other transfers of real property interests, and is due at the time of recording.