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PA 82-127 - Philadelphia 2011-2024 free printable template

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A statewide list of the factors is available at the Recorder of Deeds office in each county. THIS STATEMENT MUST BE SIGNED BY A RESPONSIBLE PERSON CONNECTED WITH THE TRANSACTION. 82-127 Reverse Rev. 9/11. SIGNATURE OF CORRESPONDENT OR RESPONSIBLE PARTY 82-127 Rev. 9/11 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...
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How to fill out philadelphia transfer tax 2011-2024

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How to fill out philadelphia deed transfer form?

01
Begin by gathering all necessary information and documents, such as the deed, tax identification numbers, and legal descriptions of the property.
02
Fill in the blank spaces on the form with accurate and complete information. This may include the names of the current property owners, the new owners, and any mortgage or lien information.
03
Make sure to sign and date the form correctly before submitting it.
04
Double-check all information for accuracy and completeness before submitting the form.

Who needs philadelphia deed transfer form?

01
Property owners who wish to transfer the ownership of their property to another individual or entity.
02
Buyers and sellers involved in real estate transactions in Philadelphia.
03
Legal professionals and title companies who handle property transfers in Philadelphia.

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.

Video instructions and help with filling out and completing philadelphia transfer tax

Instructions and Help about transfer tax certification form

Where I answer your questions talk about what's happening in the real estate industry and give you the latest money in real estate news now you can find the latest episodes here on my YouTube channel expert real estate tips every Monday and Friday please don't forget to hit the subscribe button it's right up here, or maybe it's over here I don't know where it is on your channel on today's episode I'm going to answer a question I received about when it may be worth adding your children's name to your house title and how that might affect the taxes that they pay so a homeowner and mom of one recently wrote in to ask me the following question I currently own a home that's paid in full of no mortgage I want to add my daughter's name to the house deed what are the pros and cons of this decision in terms of the taxes I'll pay, or she will pay now the short answer to the question is that adding your daughter's name or any child's name to your house title could have really serious repercussions when it comes time to sell the home for federal income tax purposes if you simply add your daughter's name to the title she receives the house as a gift at your cost basis the cost basis is a technical term IRS jargon on what it costs you to buy the property plus any material in material improvements you've made to the house along the way like we're placing the roof or replacing a bathroom but not redecorating the living room if you were selling the cost basis would also include the cost of sale as well so if you paid 100000 for the property say 20 years ago and now the property is worth a half a million dollars wouldn't that be great, and you give your daughter half of the house her cost basis would still be fifty thousand dollars or half of a hundred thousand which sounds like a great deal and like all things financial there are a few caveats so when the property is eventually sold right your daughter would be entitled to take the first two hundred and fifty thousand in profits tax-free if she single up to a half-million dollar if she's married, and she lives in the property along with her spouse partner as her primary residence however if she isn't living in the property when it's sold she might have very significant capital gains taxes to pay now if she inherits the other half from you right she would inherit the property at the current market value so if you gave her half right that was the 50000 of the hundred thousand, and she inherits the other half of two hundred and fifty thousand that's three hundred thousand as her cost basis if she then immediately sells the property for a half a million dollars, and she's living there as her primary residence then she might not know anything because five hundred thousand dollars — three hundred thousand dollars is two hundred thousand, and she's allowed to keep up to two hundred and fifty thousand tax-free you can see how complicated this can be and this mom just like you would want to talk to her tax preparer and...

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The deadline for filing Philadelphia deed transfer form in 2023 is December 31, 2023.
The Philadelphia Deed Transfer Form is used to transfer real estate from one party to another. It records the transfer of ownership and documents the necessary information, such as the names of the buyer and seller, the sale price, and the legal description of the property. This form is required by law in the City of Philadelphia in order to transfer real estate.
The following information must be reported on a Philadelphia Deed Transfer Form: 1. The name and address of the grantor (seller). 2. The name and address of the grantee (buyer). 3. The amount of consideration (purchase price). 4. The legal description of the property. 5. The date of the deed. 6. The signatures of the grantor and grantee. 7. The name and address of the notary public. 8. The date of the notarization.
The penalty for the late filing of a Philadelphia deed transfer form is a $50 fee. This fee will be imposed by the Philadelphia Department of Revenue.
1. Start by filling out the Grantor's information. This includes their name, address, and phone number. 2. In the Grantee’s section, fill in the name and address of the person or entity receiving the property. 3. In the section labeled Property Description, fill in the address of the property being transferred and any other pertinent information, such as the parcel or lot number. 4. Enter the Consideration, or the amount of money paid for the property. 5. In the Tax Information section, fill in the amount of transfer tax due. 6. Sign and date the form in the space provided. 7. Provide the contact information of the party responsible for paying the transfer taxes in the space provided. 8. Have the document notarized if necessary. 9. Submit the form to the Philadelphia Department of Revenue along with payment of the transfer tax.
The Philadelphia deed transfer form, also known as the Philadelphia Realty Transfer Tax Certification Form, is a legal document used in Philadelphia, Pennsylvania, when transferring the ownership of real estate property. This form is required by the City of Philadelphia Department of Revenue to verify and calculate the realty transfer tax due on the property being transferred. The form collects necessary information about the property, parties involved in the transfer, purchase price, and other relevant details. It helps facilitate the proper taxation and recording of the real estate transaction.
In Philadelphia, the seller or transferor of a property is required to file the Philadelphia Deed Transfer Form. This form, also known as the Realty Transfer Tax Form (RTT), must be filed with the City of Philadelphia Revenue Department. It is used to report the transfer of real estate and calculate the associated transfer tax.
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