Malvern Raises Transfer Tax

By
Linda Walters
posted
January 5, 2022
January 5, 2022

Malvern Borough Adds .05%

There Are More Homes Available Now than There Were This Spring | MyKCM



Malvern Raises Its Realty Transfer Tax

Malvern Borough Council unanimously voted to raise its local realty transfer tax from the current 1% rate to 1.5%. The Suburban REALTORS® Alliance sent a letter to borough council members urging them to reject the tax increase, which would be an unstable source of revenue and place unequal burdens on a small number of residents. Realty transfer taxes are typically capped at 1% by the state, but Malvern Borough is a home rule municipality, which allows it to exceed the cap. The majority of residents in attendance at the meeting spoke against the increase and more than 60 messages were sent to council in opposition to the increase ahead of the meeting.

Source: Daily Local; 12/13/2021

Read next

Connect with a Sage

Start a conversation with the Main Line's luxury home experts.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Connect with us
Sage Realty LLC
23 Forest Road,
Wayne, PA 19087
PA license # RB065378
Linda Walters
Broker of record:
PA license # RM419313