No increase in the Pennsylvania Realty Transfer Tax

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Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

Good news!

Governor Rendell's proposed budget did not include an increase in the Realty Transfer Tax.

In his proposed 2007-2008 budget provided to the General Assembly, Governor Rendell did not recommend an increase in the Realty Transfer Tax to fund mass transit.  In his speech, the governor spoke about the Transportation Funding and Reform Commission and their proposal to increase the state Realty Transfer Tax by 0.89 percent along with local funding sources.  Governor Rendell said that "neither option is very appealing since both add to the tax burden of Pennsylvania citizens."   

 

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Rainmaker
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Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
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