Dec 2014

Borough of State College Transfer Tax Update

By admin

UnknownPurchasing or selling a home in State College, PA just got a bit pricier.  The Borough of State College, County of Centre starting January 1, 2015 will be taxing real estate transactions at a rate of 3%.  1% as usual to the Commonwealth of Pennsylvania, 1.5% to the Borough and .5% to the School District.  All taxable documents submitted for recording after January 1, 2015 will will be subject to the new rate regardless of the acceptance date of document.

We as a PA Title Insurance company will have our GFE Calculators changed and all prelims that are currently under process updated accordingly.

State College Transfer Tax Increase

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign up for our newsletter

    We're happy you decided to subscribe to our email list.
    Please take a few seconds and fill in the list details in order to subscribe to our list.
    You will receive an email to confirm your subscription, just to be sure this is your email address.