Upper Providence Township in Delaware County is holding a meeting next week to disucss raising the Real Estate Transfer Tax by 0.5% making it the highest suburban Philadelphia Transfer Tax. With home sales already suffering the township is considering raising taxes on home sales? What are they thinking?
This will affect all sellers and buyers of homes in the township making their transaction more expensive. The state legislature along with many other townships has seen the light relaizing that Real Estate Transfer tax is unreliable and very narrowly focused. It being far better to tax on a broad base rather than a narrow base. But Upper Providence is going against the grain. With home prices dropping and economists predicting further price drops in 2010 this township simply ignores what is best for their residents and future residents by making the cost of transferring a home more expensive.
Feburary 11th is the hearing come out and make yur voice heard.
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