Posted by David on March 14, 2000 at 20:12:13:
in most areas its 2% split evenly between buyer and seller. some areas are higher in Philly it was 5% at one time don’t know what it is now. land trust, living trust, $1 deeds, it makes no difference you pay on the actual sale price and it will be questioned if less that the assessed value. I have even had the state question a low consideration 12 to 18 months after the deed transfer. There is nothing legal that you can do. illegal I would not advise.