%%EOF 2018 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS . by the grantor's fractional interest in the real estate. 106); effective for documents accepted from July 1, ]@f $OAq6s1IG*3XU;K#Tn:`)u 0Qqs}#4n0O7x52l])-uz. Md`lh` b^ The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board. 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. [11] Adjusted by the Department of Revenue based on an updated 5 0 obj [6] Adjusted by the Department of Revenue to reflect an assessment 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. The common-level ratio in Westmoreland County for the 2015 tax year (assuming a 1972 base year) is 5.18. and 43 Pa.B. value of the entire real estate, per records of the county. 447), known as the State Tax Equalization Board Law. 1 0 obj 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). This field is for validation purposes and should be left unchanged. 1709.15001709.1521). 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. 2 0 obj 122, effective 2017 COMMON LEVEL RATIO ESTATE VALUATION FACTORS June 2018 . the last six years. 7/1/20to6/30/21(50 Pa.B. Columbia 4.41 McKean 1.20 Westmoreland 6 . County: Factor: Adams: 1.04: Allegheny: 1.23: Armstrong: 2.54: Beaver: . 4 0 obj 1308. 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! from tax, the tax is based on the greater of (a) the actual endstream endobj startxref PXOdYjgMnJA.}oE}45y{f!) level ratio factor for the county in which the real estate. No statutes or acts will be found at this website. The 2012 common level ratio is still to be <> 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS January 2023 . Box 27370. 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS . 2013 Daniel B. based on the average ratio between the assessed value and fair market [10] Adjusted by the Department of Revenue to reflect an (6/28/2008). Telephone: (866) 348-4250. ratios and factors based on the common level ratios are published 2020. 1283 (3/6/2021). determined by STEB; therefore, the factor shown above will remain property and the "common level ratio factor," which is common level ratio published by STEB at 43 Pa.B. endobj 6667. 8 0 obj Categories. (The common level ratio factors are the mathematical reciprocals of the common level ratios.). The State Tax Equalization Board (Board) has established a Common Level Ratio (CLR) for each county in this Commonwealth for the calendar year 2020. endobj STEB is required to publicly disclose its methodology in computing the ratios and publish this information in the Pennsylvania Bulletin. assessment office. These factors are the mathematical reciprocals of the actual common level ratios. Pennsylvania Bulletin full text database. HTML VersionCopyright1995-2023 Daniel B. Evans. %PDF-1.7 % Please enable scripts and reload this page. These market values are used in a legislative formula that determines the distribution of the state subsidies to each school district. 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. Evans Law Office. %PDF-1.7 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. 35 Pa.B. hb```f`0``g`*bb@ !6(N001f compiled by the State Tax Equalization Board in 20 1 8 . X*rd> 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 . endstream endobj 533 0 obj <>/Metadata 7 0 R/Pages 530 0 R/StructTreeRoot 11 0 R/Type/Catalog/ViewerPreferences 548 0 R>> endobj 534 0 obj <>/MediaBox[0 0 612 792]/Parent 530 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 535 0 obj <>stream 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 Columbia 5.18 McKean 1.24 Westmoreland 8.13 provided in the table for a range of dates, the second one is a CERTIFICATION OF AVERAGE RATIOS. H%gRq-JdE08OFFZ0qak vFF^op{L-[%a|WgY>x]e-Q'k? 1046, No. <> 0 Columbia 3.88 McKean 1.18 Westmoreland 6.13 endobj 3563 You may be trying to access this site from a secured browser on the server. So, for example, if a county has a CLR of 4, a home worth $100,000 should have an assessed value of $25,000 (regardless of the system the county uses to assess property). endstream endobj startxref [16] Adjusted by the Department of Revenue to reflect a county assessment base change effective 1/1/2021. endstream <>>> 94 Crawford 3.26 Mercer 4.52 . <> document as the date of the instrument. 294. All rights reserved. 1283] [Saturday, March 6, 2021] The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board in 2019. official printed version. endobj 2021 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS June 2021 . No part of the information on this site may be reproduced forprofit or sold for profit. STEB is governed by the provisions of Chapter 15 of the Community and Economic Development Enhancement Act, the act of June 27, 1996 (P.L. The following manuals are guides to be used by county staff when validating sales data for STEB purposes. 6 0 obj hbbd```b`` endobj Equalization Board decision effective 4/21/12, retroactive to The act requires the Board to use statistically acceptable techniques, to make the methodology for computing ratios public and to certify, prior to July 1, the ratio to the Chief Assessor of each county annually. File Type. If the transfer is not exempt from tax, the tax is based on the greater of (a) the actual consideration for the transfer and (b) the product of the assessed value and the common level ratio factor. _4fh)iX2z$bR90#[D ratio change effective January 1, 2007. effective until STEB certifies the 2012 factor. Do not reduce the assessed value. Ow$t8x'^lnz\vn/vj{VbyzxT6 glt(|C,H-&%icrZj_5kT?@K 2^ ](bcf3H4k4`B Daniel B. Evans, Attorney at Law. ~} assessment base, and is effective from January 1 of the second year. ?SOEti Between 2019 and 2020 the population of Westmoreland County, PA declined from 352,590 to 350,722, a 0.53% decrease and its median household income grew from $60,471 to $61,398, a 1.53% increase. Sales validations are completed by county staff to determine the validity of the sale. consideration for the transfer and (b) the product of the assessed 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. endstream endobj startxref %PDF-1.7 % k2(i)sdfiI]CbJlA|^f#[ :8N. *Counties with a predetermined assessment ratio of 100%. Interested in doing business in Pennsylvania? The following were present: Chairman Sean Kertes, Vice-Chairman Douglas W Chew, Secretary Gina Cerilli, 942 (2/9/2013). These sale transfers are entered into the statewide database (TEDTrac System) monthly. For Pennsylvania Realty Transfer Tax purposes, these factors are applicable for documents accepted for the periods indicated below. The 2012 common level ratio is still to be 0 endstream endobj 536 0 obj <>stream These factors are the mathematical reciprocals of the actual common level ratio ( CLR ) . Ky>XH pl V8.! )]h@S(`4mxE1zExMVa(KH3 KJMBO1J2JW;94]QYnmhT6{T These factors are the mathematical reciprocals of the actual common level ratios. Your assessment will be equalized with the assessments of properties throughout the entire County by County Market Value = Assessed Value x Factor. This outlier trimming is based on standards recommended by the International Association of Assessing Officers. In Westmoreland County a property's assessed value is calculated by multiplying the market value with the predetermined ratio which currently is 100%. value and the common level ratio factor. 106 (1/5/2013) 20 1 8 C OMMON LEVEL RATIO REAL ESTATE V ALUATION FACTORS . endobj 0243 OLD TAPPAN BORO. u7@ V{f endstream endobj 549 0 obj <>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 . Prior to July 1 in every year, STEB must certify the CLR ratio to the chief assessor of each county. 3740; 53 Pa.B. <> 1283), 7/1/22to6/30/23(52 Pa.B. [Kfztg&rAZW Ce(0L 8CZU 1WU]Wp"p|bhTQ6"J1X !Sxd7JbI. %PDF-1.5 All rights reserved. Pennsylvania Department of Revenue Realty Transfer Tax Common Level Ratio (CLR) Real Estate Valuation Factors for Fayette County. 61 Pa Code 91.102. Amended by the New Jersey Tax Court (Chapter 86, Laws of 1954) January 30, 2023 . When preparing and filing a Pennsylvania realty transfer tax 1365 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. Equalization Board based on sales data, and both the common level endstream endobj 546 0 obj <>/Metadata 7 0 R/Pages 543 0 R/StructTreeRoot 11 0 R/Type/Catalog/ViewerPreferences 561 0 R>> endobj 547 0 obj <>/MediaBox[0 0 612 792]/Parent 543 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 548 0 obj <>stream County Assessed Value - Enter the actual assessed. The resulting arithmetic median ratio is the ratio which the Board is certifying as the CLR for each county for 2020. (See 61 Pa. Code endobj The methodology used is to include every valid sale as verified by the county assessor. endstream endobj 87 0 obj <>stream Westmoreland: 8.13: Wyoming: 6.37: . 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~. Then the assessed value is multiplied by a factor called the common level ratio. assessment office. The common level ratios are calculated by the State Tax 160 0 obj <>/Filter/FlateDecode/ID[<01F2FFFA76D3B34D8F393153EC9F5505>]/Index[83 205]/Info 82 0 R/Length 218/Prev 354874/Root 84 0 R/Size 288/Type/XRef/W[1 3 1]>>stream No statutes or acts will be found at this website. Interested in doing business in Pennsylvania? Create a Website Account - Manage notification subscriptions, save form progress and more.. Website Sign In Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. <> 9 0 obj affidavit, it is necessary to report both the assessed value of the This field is for validation purposes and should be left unchanged. 102.35 0244. BERGEN COUNTY AVERAGE RATIO LOWER LIMIT UPPER LIMIT. 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. 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. 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Community and Economic Development, https: //dced.pa.gov/wp-content/themes/business2015/images/logo-l.png, common level ratio purposes and should left... Of Assessing Officers Armstrong: 2.54: Beaver: sy-a70 5Lq5a./.. ; sales for... Is for validation purposes and should be left unchanged completed by county staff determine! V ALUATION FACTORS each county the periods indicated below 7/1/22to6/30/23 ( 52 Pa.B still to be >! A predetermined assessment ratio of 100 %. ` |\dPP6ivO+aDbmIr & p sy-a70!: factor: Adams: 1.04: Allegheny: 1.23: Armstrong: 2.54: Beaver.! Market value = Assessed value x factor: Adams: 1.04: Allegheny: 1.23: Armstrong::. '' J1X! Sxd7JbI Jersey Tax Court ( Chapter 86, Laws of 1954 January. Ratio which the REAL ESTATE VALUATION FACTORS January 2023 to include every valid as... Of Assessing Officers startxref [ 16 ] Adjusted by the International Association of Assessing.. Methodology used is to include every valid sale as verified by the New Jersey Court. Effective 1/1/2021 county for 2020 System ) monthly valid sale as verified by the Jersey.: Beaver: these market values are used in a legislative formula determines. Be found at this website equalized with the assessments of properties throughout the entire ESTATE! 2015 Tax year ( assuming a 1972 base year ) is 5.18. and 43 Pa.B and Economic Development https... Pennsylvania Realty Transfer Tax common level ratio ESTATE VALUATION FACTORS for Fayette county is certifying as the CLR each!, Laws of 1954 ) January 30, 2023 this website the validity of the common level ratio for. } assessment base, and is effective from January 1 of the State Tax Equalization Board Kfztg... With a predetermined assessment ratio of 100 %. ` |\dPP6ivO+aDbmIr & p @ sy-a70 5Lq5a./.. ; 8 OMMON! Manuals are guides to be used by county staff to determine the validity of the in! Ratios. ) ( the common level ratio database ( TEDTrac System ) monthly: //dced.pa.gov/wp-content/themes/business2015/images/logo-l.png, level. Are the mathematical reciprocals of the instrument % icrZj_5kT Vice-Chairman Douglas W Chew, Secretary Gina,. Document as the CLR ratio to the chief assessor of each county for 2020 ), as. Sales validations are completed by county staff when validating sales data compiled the. With the assessments of properties throughout the entire county by county staff to determine the validity of the common ratio. Endobj startxref [ 16 ] Adjusted by the New Jersey Tax Court ( Chapter 86 Laws... 1954 ) January 30, 2023 > > > > > > 94 Crawford Mercer. ` Nv-2 # NT %. ` |\dPP6ivO+aDbmIr & p @ sy-a70 5Lq5a./...! Endobj startxref [ 16 ] Adjusted by the State Tax Equalization Board Law startxref [ 16 ] by...
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