Selling a Home in Philadelphia, Pennsylvania
Philadelphia sits in Philadelphia County. Pennsylvania sellers pay a layered transfer tax — state, county, and (in some municipalities) a city-level tax on top. The calculator above applies the correct rates for Philadelphia automatically, alongside agent commissions, the owner's title insurance policy, attorney and escrow fees, and recording fees.
Philadelphia Transfer Tax & Closing Costs
Pennsylvania closings are handled by title companies or attorneys. The seller customarily pays half of the combined state-and-local realty transfer tax, the owner's title insurance policy, and a share of closing fees. Title insurance rates are state-promulgated. Recording fees in Philadelphia County are a small fixed cost at closing.
How to Estimate Your Philadelphia Net Proceeds
- Sale Price: Start with the agreed contract price for your Philadelphia property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- Transfer Taxes: Apply the state, county, and any city-level transfer tax.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
Philadelphia Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs