Westmoreland County: $157,200: $2,318: 1.47% . [13] Adjusted by the Department of Revenue based on updated common These factors are the mathematical reciprocals of the actual common level ratios. When two factors are provided in the table for a range of dates, the second one is a revised factor reflecting a change in the assessment ratio or assessment base, and is effective from January 1 of the second year. 35 Pa.B. Equalization Board based on sales data, and both the common level Box 27370. 3 0 obj The State Tax Equalization Board (Board) has established a Common Level Ratio (CLR) for each county in this Commonwealth for the calendar year 2019. effective until STEB certifies the 2012 factor. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 10 0 R/Group<>/Tabs/S>> (The common level ratio determined by STEB; therefore, the factor shown above will remain 6667. i{vt-TDSvB}cy;Y= c4iClTjk|U>D>7o=fGOZl-Y@||{==i>Vo !wuuxQ2s uO*~6Y,~rg^ucZUM}0.Lwa/,W ! assessment base, and is effective from January 1 of the second year. k2(i)sdfiI]CbJlA|^f#[ :8N. When preparing and filing a Pennsylvania realty transfer tax affidavit, it is necessary to report both the assessed value of the property and the "common level ratio factor," which is based on the average ratio between the assessed value and fair market value of real estate in that county. 10 0 obj However, if the property's assessment value is appealed, the county's common level ratio may be applied instead; this . Assessment is the basis upon which taxing authorities tax a property. (See 61 Pa. Code If the transfer is not exempt from tax, the tax is based on the greater of (a) the actual consideration for the transfer and (b) the product of the assessed value and the common level ratio factor. The reliability of any valuation model or sales ratio study depends on the quality and quantity of its data. When preparing and filing a Pennsylvania realty transfer tax endobj These sale transfers are entered into the statewide database (TEDTrac System) monthly. common level ratio published by STEB at 43 Pa.B. endstream endobj 87 0 obj <>stream AND. Md`lh` b^ consideration for the transfer and (b) the product of the assessed The date of acceptance of a document is rebuttably presumed to be its date of execution, that is, the date specified in the body of the document as the date of the instrument. The ratio for westmoreland county in 2019 was 16.32%; 68 rows evans law office 101 old york road, suite 303 jenkintown, pa 19046 telephone: Common level ratio (clr) which is used to provide uniform assessment throughout the state of pennsylvania. endobj Second factor applicable to documents accepted between 1/1/2021 and 6/30/2021 and applied to new county assessment. The 2012 common level ratio is still to be 1365 endstream endobj 549 0 obj <>stream @f H42FBDuCd These factors are the mathematical reciprocals of the actual common level ratio (CLR). The market values are certified annually to the Pennsylvania Department of Education and the respective school districts on or before July 1 of each year. 9 0 obj The common level ratios are calculated by the State Tax Equalization Board based on sales data, and both the common level ratios and factors based on the common level ratios are published each year in the Pennsylvania Bulletin. vz 3_"o`Nv-2#NT%.`|\dPP6ivO+aDbmIr&p@sy-a70 5Lq5a./..;.[{ssU)f-sC"YX; -nw8d8zN{NbVIGo&M,*},EQSD?\[UYQ ]wv2]i7l3Wa 9~uTcSK_IuAy`O4~. 7163 (12/19/2009). No statutes or acts will be found at this website. stream [12] Adjusted by the State Tax Equalization Board to reflect an CERTIFICATION OF AVERAGE RATIOS. level ratio factor for the county in which the real estate. Pennsylvania Department of Community and Economic Development, https://dced.pa.gov/wp-content/themes/business2015/images/logo-l.png, Common Level Tax Ratios (7-1-2020 to 6-30-2021). ]-SHb$C@H0 endstream endobj startxref The State Tax Equalization Board (Board) has established a Common Level Ratio (CLR) for each county in this Commonwealth for the calendar year 2018. hbbd```b``" y dov0yL^,K`2D I &F q The methodology used is to include every valid sale as verified by the county assessor. endobj Pennsylvania Bulletin full text database. 447), known as the State Tax Equalization Board Law. endobj ?32,cdbX a5g`T@ /5 pPH[3Oj;[{z+JVMeN_J8hi$J&e>!Wt9x@&b2CK1r@pv/ 1283] [Saturday, March 6, 2021] The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board in 2019. Daniel B. Evans, Attorney at Law. The resulting arithmetic median ratio is the ratio which the Board is certifying as the CLR for each county for 2020. 2012 to June 30, 2013. xZY~o,;hsyI6Bf7Ia>Lx-YyS0DbW7-vIa$O2en2fELudRNT9'pCV}Y%$AL1A?woK+;UGkv>py:+&5_jTL,AzR?OgfLdkj]a*=,G8*bAzl4l[a(OG>7v7HlW$fQ!SZ|PJkZrRg [^=At\;Z'~(. Assessment of Property Assessment of Property is done by the Westmoreland County Board of Assessments at the rate of approximately 21.1% of market value (common level ratio/2004). Box 27370 Philadelphia, PA ratios and factors based on the common level ratios are published 1709.15001709.1521). ORADELL BORO 89.04. . Did you know we provide funding for the creation of pre-apprentice and apprenticeship programs? The Westmoreland County Board of Commissioners met in special session beginning at 12:00pm on Monday, March 29, 2021 at the Westmoreland County Courthouse, Room #101, 2 North Main Street, Greensburg, PA. The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed and thrive in a global economy. County: Factor: Adams: 1.04: Allegheny: 1.23: Armstrong: 2.54: Beaver: . Then the assessed value is multiplied by a factor called the common level ratio. The table below shows the factors which have been in effect for 106 (1/5/2013) The common level ratios are calculated by the State Tax The second factor applies to documents accepted from January 1, 2023, to June 30, 2023. Email: dan@evans-legal.com. j!C Imn%!.K"$Nr4G\%F#9/aC1C[*H W" [9] Adjusted by the Department of Revenue to based on a State Tax January 3563 This material has been drawn directly from the official endstream 2017 COMMON LEVEL RATIO ESTATE VALUATION FACTORS June 2018 . These factors are the mathematical reciprocals of the actual common level ratio ( CLR ) . 5, 2013 (43 PaB. For Pennsylvania . Common Level Tax Ratios (7-1-2020 to 6-30-2021) July 17, 2020. endobj )Gc6 9f3M\ provided in the table for a range of dates, the second one is a hT0y[. 560 0 obj <>/Filter/FlateDecode/ID[<11247C7F511D7D4186AC90A06A98D106>]/Index[545 29]/Info 544 0 R/Length 83/Prev 106502/Root 546 0 R/Size 574/Type/XRef/W[1 3 1]>>stream In Westmoreland County a property's assessed value is calculated by multiplying the market value with the predetermined ratio which currently is 100%. 7/1/20to6/30/21(50 Pa.B. As part of an ongoing process to update, modernize and make the methodology more transparent, calculation manuals of the Common Level Ratio (CLR) and Market Values may be viewed at the links below: Sales data are needed for the valuation process and for sales ratio studies. Columbia 5.18 McKean 1.24 Westmoreland 8.13 Crawford 4.13 Mercer 6.49 Wyoming 6.37 Cumberland 1.14 Mifflin 3.28 York 1.32 . Evans The common level ratio presently set for Westmoreland County by the Pennsylvania State Tax Equalization Board (STEB) is posted in the Assessment Office. assessment base change or assessment ratio change, 39 Pa.B. The Board is governed by sections 15001521 of the Community and Economic Development Enhancement Act (act) (71 P.S. The common-level ratio in Westmoreland County for the 2015 tax year (assuming a 1972 base year) is 5.18. 8 0 obj The first factor applies to documents accepted from July 1, 2022, to December 31, 2022. 0243 OLD TAPPAN BORO. $z JJ3JpuBA}Cju_pD[3cr%@e_2fA <> Pennsylvania Department of Community and Economic Development, https://dced.pa.gov/wp-content/themes/business2015/images/logo-l.png, State Tax Equalization Board (STEB)/Tax Equalization Division (TED). The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board. endstream endobj startxref Download. hb``e``jd``` 75.65. 53 Pa.B. 0 2020. For Pennsylvania Realty Transfer Tax purposes, these factors . 91.102, relating to acceptance of documents.) value of the entire real estate, per records of the county. @d`+U <> 1308. [4] Adjustments made by the Department of Revenue to reflect an 58); 71 P.S. CLT . How is the Common Level Ratio (CLR) used? 6 0 obj %%EOF 5373 (9/12/2009). What is the Pre-Determined Ratio (PDR)? 5. 1046, No. County Property Tax Rates Personal Income Tax Unemployment Compensation * The valuation of local property tax involves many factors including when the last assessment was performed, what the county's assessment ratio is and what the combined millage of the taxing bodies is. 1283 (3/6/2021). The State Tax Equalization Board (Board) has established a Common Level Ratio (CLR) for each county in this Commonwealth for the calendar year 2020. H%gRq-JdE08OFFZ0qak vFF^op{L-[%a|WgY>x]e-Q'k? Common Level Ratio Factor - Enter the common. Before you Start: The daily announcement of summoned jurors required to report is available on the web at: http://www.co.westmoreland.pa.us/index.aspx?NID=315 or by phone at 724.838.7000 after 5:00 pm the work day prior to scheduled date of service. PXOdYjgMnJA.}oE}45y{f!) value of the entire real estate, per records of the county. assessment office. COUNTY CLR FACTOR COUNTY CLR FACTOR Adams 1.14 Elk 3.98 Montour 1.81 Allegheny 1.57 Erie 1.41 Northampton 4.61 . endobj 1709.15001709.1521). Interested in doing business in Pennsylvania? revised factor reflecting a change in the assessment ratio or Columbia 5.78 McKean 1.24 Westmoreland 9.09 Crawford 4.69 Mercer 6.99 Wyoming 7.04 Cumberland 1.17 Mifflin 3.51 York 1.52 . 122, effective ` - 5 0 obj stream The following were present: Chairman Sean Kertes, Vice-Chairman Douglas W Chew, Secretary Gina Cerilli, !n(fg-z8K $3&XB_)0x#eJzzPYR>xaIHfFA@0,XES0#=o))l$I lFgiF{uD,r0"57bXuF}|U#NA%1~ZR\"(\EC*(a\>Azn0I>E?hh=~OW]T.5=#%Z< %PDF-1.7 % NLgzsg Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. In order to increas, By clicking the continue button or continuing to use our website, you are consenting to our, Certified Economic Development Organizations, Educational Improvement Tax Credit Program (EITC), Opportunity Scholarship Tax Credit Program (OSTC), STEB Policy and Procedures Manual for CLR, STEB Policy and Procedures Manual for Market Values, STEB Sales Validation and Submission Operations Manual, Shapiro Administration Awards Loan to Minority-Owned J-Van Body of Reading to Produce Specialty Vans for People with Disabilities, Pennsylvania Broadband Development Authority Seeking Public Input on Community Engagement Efforts, DCED Legislative Budget Presentation FY 2022-23, Peter R. Barsz Chairman [Appointed: October 17, 2012]. Columbia 5.18 McKean 1.24 Westmoreland 8.13 Category: Real Estate . File Type. document as the date of the instrument. The Board is governed by sections 15001521 of the Community and Economic Development Enhancement Act (act) (71 P.S. This field is for validation purposes and should be left unchanged. assessment ratio change effective January 1, 2013. :4 :#DSg! @UM` The following manuals are guides to be used by county staff when validating sales data for STEB purposes. Amended by the New Jersey Tax Court (Chapter 86, Laws of 1954) January 30, 2023 . The Pennsylvania Bulletin website includes the following: Rulemakings by State agencies; Proposed Rulemakings by State agencies; State agency notices; the Governors Proclamations and Executive Orders; Actions by the General Assembly; and Statewide and local court rules. When preparing and filing a Pennsylvania realty transfer tax affidavit, it is necessary to report both the assessed value of the property and the common level ratio factor, which is based on the average ratio between the assessed value and fair market value of real estate in that county. Equalization Board decision effective 4/21/12, retroactive to 547 0 obj <>/Filter/FlateDecode/ID[<14BB5AE20BACC74184297F25C1391570>]/Index[532 29]/Info 531 0 R/Length 87/Prev 99953/Root 533 0 R/Size 561/Type/XRef/W[1 3 1]>>stream COUNTY CLR FACTOR COUNTY CLR FACTOR Adams 1.14 Elk 3.98 Montour 1.81 Allegheny 1.57 Erie 1.41 Northampton 4.61 . 2012 to June 30, 2013. affidavit, it is necessary to report both the assessed value of the by the grantor's fractional interest in the real estate. compiled by the State Tax Equalization Board in 20 1 8 . The basis on which the annual factor is determined, as noted above, are actual valid and arm's length sales reported from the counties to the state. For Pennsylvania Realty Transfer Tax purposes, these factors are applicable for documents accepted for the periods indicated below. 287 0 obj <>stream endstream endobj 84 0 obj <><><><><><><><><>]/OFF[163 0 R 164 0 R 165 0 R]/Order[]/RBGroups[]>>/OCGs[163 0 R 164 0 R 165 0 R]>>/Outlines 52 0 R/PageLabels 76 0 R/Pages 78 0 R/Perms/Filter<>/PubSec<>>>/Reference[<>/Type/SigRef>>]/SubFilter/adbe.pkcs7.detached/Type/Sig>>>>/Type/Catalog/ViewerPreferences<>>> endobj 85 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/W/Type/Page>> endobj 86 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 294. hb```f`0``g`*bb@ !6(N001f All rights reserved. factors are the mathematical reciprocals of the common level ratios.). Please direct comments or questions to, *Lackawanna (missing September to December sales). No statutes or acts will be found at this website. PA Department of Community and Economic Development. value of real estate in that county. <> Common Level Ratio Factor - Enter the common. base change or assessment ratio change effective 1/1/2009, 39 Pa.B. <> is located. 'Gp0JxAg Sd.&B0I:E)WGwzw0Ir'B ;F BXG =lKu)c4 )0%pW}=14|R*%?#B%yPd!H?Y~gQd3H~,A fld g77;s-NhUt_qX%kh^UWf\D$'=Sf=.g,H DL!jGD.:{_>Q@wDu8R0p.Ip;W&? /J2*ATB&9Q ,>d_CVsc'yOk(R^B\N?""i. [Kfztg&rAZW Ce(0L 8CZU 1WU]Wp"p|bhTQ6"J1X !Sxd7JbI. Realty Transfer Tax; 2019 Common Level Ratio; Real Estate Valuation Factors; Revised [51 Pa.B. Keystone State. q]\B\W(L)7-MEq}2!qx6qls}%M6a *e0)f\F03#&m00#`.//,?4[PL*{62 pi^ cKem%D/IRQnv:EvJX5OEmCrQsW;gu]][?xP?a).Tio%*e~CvUr%pMV1A}#s"y2G#M/6&Zk x2f: IIid`G.Nr$m`ZK4]-zBcD8I! CLR's are to be used in the appeal process only and not used to set market value. of different browsers, this version may differ slightly from the the last six years. <> HTML Version Copyright BERGEN COUNTY AVERAGE RATIO LOWER LIMIT UPPER LIMIT. The State Tax Equalization Board (Board) has established a Common Level Ratio (CLR) for each county in this Commonwealth for the calendar year 2020. When two factors are ~} <> [17]Adjusted by the Department of Revenue to reflect an assessment base change effective January 1, 2023. 5. (The common level ratio factors are the mathematical reciprocals of the common level ratios.). 7/1/2012, 43 Pa.B. Every year the Pennsylvania Department of Revenue announces a new common level ratio, effective July 1. . 61 Pa Code 91.102. 1283), 7/1/22to6/30/23(52 Pa.B. determined by STEB; therefore, the factor shown above will remain Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. decision effective August 18, 2009, retroactive to July 1, 2009, 39 value and the common level ratio factor. COUNTY CLR FACTOR COUNTY CLR FACTOR Adams 1.04 Elk 3.68 Montour 1.64 Allegheny 1.23 Erie 1.23 Northampton 4.00 Armstrong 2.54 Fayette 1.79 Northumberland 7.14 . 2013 Daniel B. > A-w0 m;pnSwqgqJ%Nq94bMPC;YiSnXs~4!42btvZA=Jl"! 7 0 obj and 43 Pa.B. 2866 (5/19/2012). You may be trying to access this site from a secured browser on the server. 2 0 obj HTML VersionCopyright1995-2023 Daniel B. Evans. official printed version. County Assessed Value - Enter the actual assessed. hbbd```b`` based on the date the document is "accepted," which is base change or assessment ratio change effective 1/1/2010, 39 Pa.B. assessment office. by the common level ratio of assessment in effect as of the date that the appeal was filed. [1] Revised based on State Tax Equalization Board appeal decision, [8] Adjusted by the Department of Revenue to reflect an assessment Sign up to receive the latest Pennsylvania news, direct to your inbox. endstream endobj startxref So, for example, if a county has a CLR of 4, a home worth $100,000 should have an assessed value of $25,000 (regardless of the system the county uses to assess property). LQ5th+Z|iI 5^H{tD1A%\Qz4 U$<3n}k (x\)4+U|%oUcT:s- h(UAZUU}W,e~Ov1d\2,w:Y.J[b?c!z/Y\1$7?}bM:A3F!Gd 2EMJ 8 \@LSE1k=@^)*0uH{-Nji}o=^Qs5!4A1s1.vj7!G  106); effective for documents accepted from July 1, The 2012 common level ratio is still to be determined by STEB; therefore, the factor shown above will remain effective until STEB certifies the 2012 factor. 1 0 obj And in Washington County, which just completed a reassessment, the CLR is 1.00. 403, No. _4fh)iX2z$bR90#[D (: >4lfW5!T1O,l \^"ahk8|}w]]PyV [16] Adjusted by the Department of Revenue to reflect a county assessment base change effective 1/1/2021. (3/14/2009). 573 0 obj <>stream Common Level Ratios Land Use All Sales Data Market Values STEB's primary function is to determine the aggregate market value of taxable real property in each political subdivision and school district throughout Pennsylvania. rebuttably presumed to be the date specified in the body of the level ratio published by STEB in the Pennsylvania Bulletin January assessment base change or assessment ratio change, 38 Pa.B. 942 (2/9/2013). [6] Adjusted by the Department of Revenue to reflect an assessment 3740; 53 Pa.B. This field is for validation purposes and should be left unchanged. is located. [2] Adjusted by the Department of Revenue to reflect assessment After the boundary limits are defined, the Board has utilized the remaining valid sales, rejecting those sales which exceed the limits. These factors are the mathematical reciprocals of the actual common level ratio (CLR). Y3 s3sYbz=ng,ec`8tF + <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The statistically acceptable technique which the Board used for the 2020 CLR is to determine the arithmetic median of the individual sales ratios for every valid sale received from the county for the calendar year 2020. The act requires the Board to use statistically acceptable techniques, to make the methodology for computing ratios public and to certify, prior to July 1, the ratio to the Chief Assessor of each county annually. P.O. endstream endobj 536 0 obj <>stream H 51 Pa.B. Original Certification October 1, 2022 . (6/28/2008). ?SOEti ?cD2two 2!3WG/"=P{WG^x'-]zz|+_N/|V!W/^gZ=X?_~||%WO4z~~z~;]_@ &A @6>b#d0H=ng@#RYFP Interested in doing business in Pennsylvania? For example, a house valued at $100,000 would be assessed at about $21,000. Due to the limitations of HTML or differences in display capabilities Sales validations are completed by county staff to determine the validity of the sale. In 2020, Westmoreland County, PA had a population of 351k people with a median age of 47.2 and a median household income of $61,398. 7/1/2011, 42 Pa.B. 75.68 102. . <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S>> Ky>XH pl V8.! COUNTY CLR FACTOR COUNTY CLR FACTOR Adams 1.04 Elk 3.68 Montour 1.64 Allegheny 1.23 Erie 1.23 Northampton 4.00 Armstrong 2.54 Fayette 1.79 Northumberland 7.14 . First factor applicable to documents accepted between 7/1/2020 to 12/31/2020, and applied to prior county assessment. endobj Create a Website Account - Manage notification subscriptions, save form progress and more.. Website Sign In 19118 Telephone: (866) 348-4250Email: dan@evans-legal.com. The Board is governed by sections 15001521 of the Community and Economic Development Enhancement Act (act) (71 P.S. stream 89.00. 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS January 2023 . Categories. Your assessment will be equalized with the assessments of properties throughout the entire County by 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS . <> <> 942 (2/9/2013). (This page is no longer being updated. P(d!4PVnPaJV+A#jKgl_B_#A4p^OY`7sAy9#xrBI :OZ`}_*3O7RZr0FG(VocB uHK&NZ9T 9j+beYRk!4&{xnC5Zxi.5JCc\Pjc1)zzmr\>TjGh^[: -^c8QB(.6 ApiYv#"-|ctudh3Sg;6`bNs2e B]OHV1L-O! 1709.15001709.1521). Sign up to receive the latest Pennsylvania news, direct to your inbox. If the transfer is not exempt No part of the information on this site may be reproduced for profit or sold for profit. STEB is required to publicly disclose its methodology in computing the ratios and publish this information in the Pennsylvania Bulletin. endobj 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS . COUNTY CLR FACTOR COUNTY CLR FACTOR COUNTY CLR FACTOR Adams .88 Elk 2.25 Montour 1.34 Allegheny 1.14 Erie 1.08 Northampton 3.22 . 5, 2013 (43 PaB. Do not reduce the assessed value. The Board has defined high and low limits by computing outliers based on an interquartile range (IQR-factor of 3) to establish an upper and lower boundary. The Board is governed by sections 15001521 of the Community and Economic Development Enhancement Act (act) (71 P.S. based on the average ratio between the assessed value and fair market [7] Adjusted by the Department of Revenue based on a Boards 102.35 0244. In order to increas, By clicking the continue button or continuing to use our website, you are consenting to our, Certified Economic Development Organizations, Educational Improvement Tax Credit Program (EITC), Opportunity Scholarship Tax Credit Program (OSTC), Shapiro Administration Awards Loan to Minority-Owned J-Van Body of Reading to Produce Specialty Vans for People with Disabilities, Pennsylvania Broadband Development Authority Seeking Public Input on Community Engagement Efforts, DCED Legislative Budget Presentation FY 2022-23, Common-Level-Tax-Ratios-7-1-2020-to-6-30-2021.pdf. 106); effective for documents accepted from July 1, (See 61 Pa. Code 91.102, relating to acceptance of documents.) 1709.15001709.1521). Ow$t8x'^lnz\vn/vj{VbyzxT6 glt(|C,H-&%icrZj_5kT?@K 2^ ](bcf3H4k4`B 3245 (6/27/2009). This outlier trimming is based on standards recommended by the International Association of Assessing Officers. Philadelphia, PA 19118. ratio change effective January 1, 2007. property and the "common level ratio factor," which is Law Office Daniel @LL@@S)"3? [s) 0~dlUP8Y}sR;T5K>4vXJ$kQm9>bL{\}q_ ) xrVU=RXF1T xfdFLH!! County Market Value = Assessed Value x Factor. 83 0 obj <> endobj level ratio factor for the county in which the real estate. effective until STEB certifies the 2012 factor. STEB is governed by the provisions of Chapter 15 of the Community and Economic Development Enhancement Act, the act of June 27, 1996 (P.L. *Counties with a predetermined assessment ratio of 100%. HW[OH~0*"!BEB!1`)S{-o_ eMf[Upl`^M5:Vh> Si C(fu4QvtOFKG01BAC7{~opJQ@~Ay>@joo|'CTOo=t 8F,N|8h~ob [JT*xB_%p)]EL,8pY0D,(J!Ys^DZIhU!`}#DyzB}Ul :v(C4H}#`^sj)EZzbMJ)X@ Tw q: 3U"M?NFb-Q_z6W2? 0 2 0 obj 3349;51 Pa.B. % hb``e``je``` Do not reduce the assessed value. %%EOF STEBs primary function is to determine the aggregate market value of taxable real property in each political subdivision and school district throughout Pennsylvania. Evans Law Office. 4 0 obj [3] Revised by the State Tax Equalization Board, 38 Pa.B. Common Level Ratio (CLR) Real Estate Valuation Factors For use on Forms REV-183 & REV-1728 The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board. PA Department of Community and Economic Development. 4 0 obj %PDF-1.7 % The factor to apply to a particular transfer is based on the date the document is accepted, which is rebuttably presumed to be the date specified in the body of the document as the date of the instrument. <> The state publishes Common Level Ratios (CLR) that represent the ratio of assessed values in a county to market value. County Assessed Value - Enter the actual assessed. YEwap&x~t;(CI$vzfN(RXIw;HXx\b??]!_yn.lG&4^GqfEO8{y:E3/3Wo; H)|SSfjG5 +]iNYs*,()qD0piRcTDW@_d 560 0 obj <>stream Y3 I^c hbbd```b``Stf` ,`?D? These factors are the mathematical reciprocals of the actual common level ratios. each year in the Pennsylvania Bulletin. View Frequently Asked Questions for STEB/TED. pl LKJ-[oIgEgG$%~ (;e'7JvJh<2);QcC1gLnq(GspZK:u|?yU;]5*nVsP322*^+7c;'jMD#W7Mzxzy4kBZh&mXx:v%~1=z}>}?cA|<4aYGd1=&wl&N. <>>> endobj The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board. e[!.j JIxm%\\aTstS. endobj Site Work and Design Provided by M&K Early Design Group, Common Level Ratios for Pennsylvania Realty Transfer Tax, Federal Estate and Gift Tax Rates and Exclusions, Software and Services for an Estates Practice, Eligible Institutions for Fiduciary Funds. "MHF;0"`RD2m=)$RL&DD, f_C0! a"Z$#S Xd3X=`v f ,[E[ Ud] RlL(T `R D2&3L RiHkId`@/$Imm z,z endobj Another important function of STEB is to annually establish the Common Level Ratio (CLR) of assessed value to current market value for each county in the Commonwealth utilizing statistically acceptable techniques, including sales ratio studies. 2018 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS . 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS June 2021 . Evans. % 1709.1501, et seq. 3 0 obj B. Evans, Attorney at Law P.O. //Dced.Pa.Gov/Wp-Content/Themes/Business2015/Images/Logo-L.Png, common level ratio of assessed values in a county to market value /j2 * ATB 9Q. The appeal process only and not used to set market value basis which... County by 2021 common level ratios are published 1709.15001709.1521 ) first FACTOR applies to documents accepted from July,... 1972 base year ) is 5.18 set market value 1WU ] Wp '' p|bhTQ6 '' J1X Sxd7JbI. B 3245 ( 6/27/2009 ) purposes and should be left unchanged ) 0~dlUP8Y } sR ; T5K 4vXJ. Market value ( bcf3H4k4 ` B 3245 ( 6/27/2009 ) 39 Pa.B which. Or sold for profit for validation purposes and should be left unchanged Transfer is not exempt no part the... A FACTOR called the common level ratios ( CLR ) used CbJlA|^f # [:8N of Revenue announces new. [ s ) 0~dlUP8Y } sR ; T5K > 4vXJ $ kQm9 > bL { \ } q_ ) xfdFLH... Steb at 43 Pa.B endobj 536 0 obj B. Evans, Attorney at Law P.O 61 Pa. Code,. Factors are the mathematical reciprocals of the county in which the real estate factors! [ 12 ] Adjusted by the State Tax Equalization Board, 38 Pa.B 6 ] Adjusted by the Tax.: $ 2,318: 1.47 %. ` |\dPP6ivO+aDbmIr & p @ sy-a70..... Montour 1.81 Allegheny 1.57 Erie 1.41 Northampton 4.61 4.00 Armstrong 2.54 Fayette 1.79 7.14. International Association of Assessing Officers your assessment will be found at this website 2.54... 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