ALLENTOWN, Pa. — A tax increase on property sales in Allentown could provide the money the city needs to truly address its housing crisis, according to its proponents in city government.
Buyers are required to pay a 2% deed-transfer tax on properties purchased within Allentown city limits. Half of those tax revenues go to the state; the city and Allentown School District split the other half.
Councilman Santo Napoli is proposing — and five of his six colleagues are co-sponsoring — a measure that would raise the city’s deed-transfer tax half a percentage point, doubling its revenues…