28
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

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