It is usual and customary for transfer taxes, i.e. city/state tax stamps, to be split evenly between buyer and seller, unless otherwise specified in the agreement of sale as a result of negotiations. Good Hunting!!!

Hi Bubs,

In Philadelphia, the total tax amount is 4% (1% is paid to the State and 3% goes to the city). In a typical real estate transaction, the total tax amount is split 50/50 between the buyer and seller. In other words, 2% for each party.

Hopefully that answers your question. If you have any other questions, please feel free to send me an email or give me a call.

Best Regards,
Phong Lam
REALTOR®
CENTURY 21 Advantage Gold
2010 Oregon Avenue
Philadelphia, PA 19145
Business: (215) 465-1400, ext. 508
Fax: (215) 336-7793
Mobile: (267) 918-1880
Email: Phong.Lam@c21ag.com http://www.c21ag.com

ussally in a regular transaction they are split.... i have seen bank owned property .... mostlly in the past ..... refuse to pay any of it!!! if you have any questions please call me @ 215 295 9080

mark from CENTRAL LENDING