Property Tax Alert: Pennsylvania

October 2004

The Board is required to establish a common level ratio for each county in the state for each calendar year. For real property tax assessment purposes, the Pennsylvania State Tax Equalization Board has revised the common level ratio for 2003 for Philadelphia County from 26.8 to 27.3. The statistical technique that the Board used for the 2003 common level ratio was to determine the arithmetic mean of the individual sales ratios for every valid sale received from a county for the 2003 calendar year.

Please contact Rash & Associates for more information.