Finance
Pennsylvania's transfer tax on real estate is:
APaid only by the seller
BPaid only by the buyer
CSplit between the buyer and seller, typically 2% of the sale price total (1% state + 1% local)✓ Correct
DPaid by the lender
Explanation
Pennsylvania imposes a realty transfer tax of 1% at the state level and an additional 1% at the local level, for a total of 2%. By custom, this is typically split equally between buyer and seller (1% each), though it can be negotiated.
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