Finance
Philadelphia imposes an additional Realty Transfer Tax beyond the state 1%. What is Philadelphia's local transfer tax rate?
A1%
B2.278%
C3%
D3.278%✓ Correct
Explanation
Philadelphia imposes a local Realty Transfer Tax of 3.278%, which combined with Pennsylvania's 1% state tax creates a total transfer tax of approximately 4.278% in Philadelphia — among the highest in the state.
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