Pennsylvania Realty Transfer Tax Statement of Value
The Realty Transfer Tax Statement of Value is a form used to calculate the value of the realty transfer fee, also known as the recordation tax, or real estate transfer tax.
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This tax is levied on real property that is sold, and is typically collected at the time a deed is recorded in a county register. These specific property taxes are a part of all real estate transactions, with some exemptions noted for family, or business transactions. The tax rate is set by the county, and is levied any time there is a conveyance of a property that is subject to consideration (no-consideration deeds may be subject to exemption).
This form does the calculations for Consideration and Computed Value, based upon a range of factors set by the state and county.
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