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Updated about 7 years ago, 11/19/2017

User Stats

31
Posts
14
Votes
Tomer Shani
  • Investor
  • Astoria, NY
14
Votes |
31
Posts

Transfer Tax in Philadelphia

Tomer Shani
  • Investor
  • Astoria, NY
Posted

Hello BP!

I bought a few houses in Philly with a traditional mortgage. due to that, I had to take title with my name. 

Now I'm starting to form an LLC for each of my units and my question is:

Am I subject to transfer tax (%4.05) when I transfer the deed from my name to the LLC's name? I know there's different answers in different states. would love to hear what you know on the subject.

Many thanks,  

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