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Steven R. Bovan

Shareholder

Co-chair, Real Estate & Construction Group

President, TARES

Member, Tucker Arensberg Board of Directors

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City of Pittsburgh Realty Transfer Taxes

On January 1, 2020, the local realty transfer tax assessed on real estate conveyances in the City of Pittsburgh increased to 4.0%; meaning the aggregate realty transfer tax assessed on conveyances in the City is 5%.  You will pay an additional $500.00 in realty transfer taxes for every $100,000.00 in value of the conveyance.  Please make sure you budget accordingly when analyzing your investment costs.

 

For additional information contact Steve Bovan.

February 13, 2020

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