245 Realty Transfer Tax; revised 2011 common level ratio; real estate valuation factors?

DEPARTMENT
OF REVENUE

Realty Transfer Tax; Revised 2011 Common Level Ratio; Real Estate Valuation Factors

[43 Pa.B. 942]
[Saturday, February 9, 2013]

 The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board (STEB) in 2011. These factors are the mathematical reciprocal of the actual common level ratios. For Pennsylvania Realty Transfer Tax purposes, these factors are applicable for documents accepted from July 1, 2012, to June 30, 2013, except as indicated as follows. 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 (61 Pa. Code § 91.102).

County	Revised Common Level Ratio Factor
Allegheny (1)	1.00
Lebanon (1)	1.00
Philadelphia (2)	3.27

 (1) Adjusted by the Department of Revenue to reflect an assessment base change effective January 1, 2013.

 (2) Adjusted by the Department of Revenue based on updated common level ratio published by STEB at 43 Pa.B. 122 (January 5, 2013); effective for documents accepted from July 1, 2012 to June 30, 2013.

DANIEL MEUSER, 
Secretary

[Pa.B. Doc. No. 13-245. Filed for public inspection February 8, 2013, 9:00 a.m.]