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Allentown committee discusses possible half-point deed transfer tax increase as budget option
Summary
Committee members discussed raising the deed transfer tax by 0.5 percentage point as a potential revenue source for the 2026 budget; staff provided 10-year average and recent-year receipts and said a meeting is scheduled with the mayor and community-development director for follow-up.
Members of the Allentown City Budget and Finance Committee discussed the possibility of increasing the deed transfer tax by 0.5 percentage point as an option for the 2026 budget, but did not take a formal vote.
Committee member Ms. Gerlock raised the topic during the meeting. Finance staff member Patel said the city's deed transfer tax rate is 2% on property transfers and that, according to staff's summary, one percentage point of the 2% goes to…
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