PA 82-127 - Philadelphia 1993 free printable template

A statewide list of the factors is available at the Recorder of Deeds office in each county. THIS STATEMENT MUST BE SIGNED BY A REASONABLE PERSON CONNECTED WITH THE TRANSACTION. 82-127 Reverse Rev. 6/93. SIGNATURE OF CORRESPONDENT OR RESPONSIBLE PARTY 82-127 Rev. 6/93 DATE SEE REVERSE INSTRUCTIONS FOR COMPLETING PHILADELPHIA REAL ESTATE TRANSFER TAX CERTIFICATION Section A Correspondent Enter the name address and telephone number of party completing this form. Transfer Data Enter the date on...

How to fill out philadelphia form transfer taxpdffillercom

How to fill out philadelphia form transfer taxpdffillercom:

1. Go to the website taxpdffillercom and search for the philadelphia form transfer tax.
2. Once you find the form, click on it to open it in the PDF filler tool.
3. Start by reading the instructions provided at the beginning of the form. This will give you a clear understanding of what information is required.
4. Begin filling out the form by entering your personal information in the designated fields. This may include your name, address, and contact details.
5. Provide any additional information that is required, such as the property information or transaction details.
6. Double-check all the information you have entered to ensure its accuracy.
7. Review any specific sections or checkboxes that may require additional attention.
8. Once you are satisfied with the information provided, save the filled-out form.
9. Print out a copy of the form for your records and submit it according to the instructions provided.

Who needs philadelphia form transfer taxpdffillercom:

1. Individuals or entities involved in property transfers within the city of Philadelphia may need to fill out the philadelphia form transfer tax.
2. This form is typically required for both buyers and sellers of real estate properties.
3. It is important to consult with the appropriate legal or real estate professionals to determine the specific circumstances in which this form is needed.

• Who needs a Real Estate Transfer Tax Certification?
• What is the purpose of the Real Estate Transfer Tax Certification?
• What documents must accompany the Real Estate Transfer Tax Certification?
• • When is the Real Estate Transfer Tax Certification due?
  • What information should be provided in the Real Estate Transfer Tax Certification?
  • What do I do with the form after its completion?

Who needs a Real Estate Transfer Tax Certification?

This certification form is used during the procedure of selling real estate when the owner transfers ownership or title to the buyer. The form should be filed with the Recorder of Deeds if the consideration value is not set forth in the deed; if the deed is with consideration; if the tax exemption is claimed.

What is the purpose of the Real Estate Transfer Tax Certification?

This document certifies the transfer of property rights to a certain individual. The form contains the information about the property location, transfer and exemption data.

What documents must accompany the Real Estate Transfer Tax Certification?

As a rule, the Certification is accompanied by the copy of Property deed transfer form, copy of the Sales and Purchase agreement, and some other supporting documents if required.  

When is the Real Estate Transfer Tax Certification due?

The certification is completed and filed when there is a need. Usually, it is required when the tax exemption is claimed. The estimated time for completing the Certification is 10 minutes.

What information should be provided in the Real Estate Transfer Tax Certification?

The document has the following sections for completing:

• Information about the correspondent (the person who will receive all the inquiries): name, phone number, address.

• Transfer data: date of acceptance of document, name and address of the granter and the grantee

• Property location

• Valuation data: actual cash consideration, other consideration, total consideration, county assessed value, common level ratio factor, fair market value

• Exemption data: amount of exemption, percentage of interest conveyed

• Information about the exemption claimed (the filler has to check the appropriate box)

The Certification must be as well signed and dated.

What do I do with the form after its completion?

The completed and signed Certification is filed with the Recorder of Deeds.

People Also Ask about philadelphia form transfer taxpdffillercom

What is the transfer tax in Philadelphia County PA?

Pennsylvania realty transfer tax is imposed at a rate of 1 percent on the value of real estate (including contracted-for improvements to property) transferred by deed, instrument, long-term lease or other writing.

Who pays PA transfer tax?

The 2% Transfer Tax is paid at the time of recording. State and local governments do not stipulate who pays the Transfer Tax. In most sale agreements, the seller and buyer divide the tax. However, the new owner is responsible if there is any question over the amount paid.

How to avoid Philadelphia transfer tax?

Most real estate transfers between family members are exempt from this tax, such as transfers between: Spouses. Direct ascendants and descendants (grandparents to grandchildren, parents to children, etc.) Siblings (including legally adopted and half siblings)

Who pays real estate transfer tax in Philadelphia?

Realty Transfer Tax The Commonwealth of Pennsylvania collects 1% while the City of Philadelphia collects 3.278% for a total of 4.278%. Luckily, it is customary (but not legally required) for the buyer and seller to split the transfer taxes evenly. In most cases, the buyer will pay 2.139% and the seller will pay 2.139%.

How do I avoid paying transfer tax in PA?

Some transactions are exempt from Transfer Tax. Some examples would be conveyances between husband and wife, parents and child, grandparent and grandchild, brothers and sisters. A one-time transfer is allowed between former spouses. Other exemptions are allowed in certain situations.

For pdfFiller’s FAQs

What is philadelphia form transfer taxpdffillercom?

Philadelphia form transfer taxpdffillercom is a tax form used in the city of Philadelphia to report transfer tax on real estate transactions.

Who is required to file philadelphia form transfer taxpdffillercom?

Any individual or entity involved in a real estate transfer in Philadelphia is required to file philadelphia form transfer taxpdffillercom.

How to fill out philadelphia form transfer taxpdffillercom?

To fill out philadelphia form transfer taxpdffillercom, you need to provide information such as property details, buyer and seller information, and the amount of transfer tax due. The form can be filled out manually or online using a tax preparation software.

What is the purpose of philadelphia form transfer taxpdffillercom?

The purpose of philadelphia form transfer taxpdffillercom is to report and calculate the transfer tax owed on real estate transactions in Philadelphia.

What information must be reported on philadelphia form transfer taxpdffillercom?

The information that must be reported on philadelphia form transfer taxpdffillercom includes property details, buyer and seller information, and the amount of transfer tax due.

When is the deadline to file philadelphia form transfer taxpdffillercom in 2023?

The deadline to file philadelphia form transfer taxpdffillercom in 2023 is typically 30 days after the date of the transfer of the property.

What is the penalty for the late filing of philadelphia form transfer taxpdffillercom?

The penalty for the late filing of philadelphia form transfer taxpdffillercom is typically a percentage of the transfer tax owed, calculated based on the number of days past the deadline.

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