Finance
Pennsylvania's Realty Transfer Tax totals what percentage on most residential transfers?
A1% state only
B2% total (1% state + 1% local)✓ Correct
C3% total (2% state + 1% local)
D1% local only
Explanation
Pennsylvania imposes a 1% state Realty Transfer Tax, plus most municipalities impose an additional 1% local transfer tax, for a combined 2% in most jurisdictions. The tax is typically split evenly between buyer and seller unless otherwise negotiated.
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