• US Legal Forms

Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB)

State:
Pennsylvania
Control #:
PA-SKU-1801
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form
Sorry, the form is currently unavailable.Try our extended search for alternatives that meet your needs.

Description

Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB)
The Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB) is a document published by the Pennsylvania Department of Revenue which provides information about the Common Level Ratio (CLR) factors used by the Department to determine the assessed value of real estate for taxation purposes in Lackawanna County. The document includes information about the base CLR factor, the residential modification factor, the agricultural/vacant land modification factor, the commercial/industrial modification factor, and the special use modification factor. Each of these factors is used to adjust the base CLR factor to the specific property type and determine the appropriate assessed value. The document also includes instructions on how to use the CLR factors and provides a schedule of the values for each factor for Lackawanna County.

The Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB) is a document published by the Pennsylvania Department of Revenue which provides information about the Common Level Ratio (CLR) factors used by the Department to determine the assessed value of real estate for taxation purposes in Lackawanna County. The document includes information about the base CLR factor, the residential modification factor, the agricultural/vacant land modification factor, the commercial/industrial modification factor, and the special use modification factor. Each of these factors is used to adjust the base CLR factor to the specific property type and determine the appropriate assessed value. The document also includes instructions on how to use the CLR factors and provides a schedule of the values for each factor for Lackawanna County.

How to fill out Pennsylvania Department Of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB)?

If you’re searching for a way to properly complete the Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB) without hiring a lawyer, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reputable library of formal templates for every personal and business situation. Every piece of paperwork you find on our web service is created in accordance with nationwide and state laws, so you can be sure that your documents are in order.

Follow these simple guidelines on how to get the ready-to-use Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB):

  1. Make sure the document you see on the page complies with your legal situation and state laws by examining its text description or looking through the Preview mode.
  2. Type in the form name in the Search tab on the top of the page and choose your state from the dropdown to find an alternative template if there are any inconsistencies.
  3. Repeat with the content verification and click Buy now when you are confident with the paperwork compliance with all the requirements.
  4. ​Log in to your account and click Download. Create an account with the service and select the subscription plan if you still don’t have one.
  5. Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The blank will be available to download right after.
  6. Decide in what format you want to save your Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB) and download it by clicking the appropriate button.
  7. Upload your template to an online editor to complete and sign it rapidly or print it out to prepare your hard copy manually.

Another great thing about US Legal Forms is that you never lose the paperwork you acquired - you can pick any of your downloaded templates in the My Forms tab of your profile any time you need it.

Form popularity

FAQ

The Tax Equalization Division has officially set the Chester County Common Level Ratio (CLR) at 39.5%.

STEB reviews the assessed values and sales data to determine how closely each county's values compare to market value as determined by STEB. They publish a Common Level Ratio (CLR) to indicate these results on a percentage basis. Philadelphia's most recent CLR was 92.61% (2021).

Further defined in Pennsylvania law, ?Common Level Ratio shall mean the ratio of assessed value to current market value used generally in the county as last determined by the State Tax Equalization Board (STEB).? For more information, see the PA Dept. of Community and Economic Development.

As a result, Allegheny County has already made a change for the 2023 tax year and significantly lowered the common level ratio from a prior ratio of 81.1% of market value in 2022, down to 63.6%. The exact common level ratio for tax year 2022 is not yet determined due to ongoing litigation over Judge Hertzberg's ruling.

Most real estate transfers between family members are exempt from this tax, such as transfers between: Spouses. Direct ascendants and descendants (grandparents to grandchildren, parents to children, etc.) Siblings (including legally adopted and half siblings)

Clarification on the common level ratio: This is used only at the appeal level, by the Board of Assessment Appeals or Court of Common Pleas. 52.0% is used for appeals with an effective year of 2022. 45.0% is used for appeals with an effective year of 2023.

Overview of Pennsylvania Taxes In fact, the state carries a 1.36% average effective property tax rate in comparison to the 0.99% national average.

More info

(a) The previous assessed value and CLRF of 1. Common Level Ratio Factors ; Lehigh. 1.08. 1.19 ; Luzerne. 0.98. 0. For Pennsylvania Realty Transfer Tax purposes, these factors are applicable for documents accepted from July 1, 2022 to June 30, 2023. No information is available for this page. Realty Transfer Tax; 2021 Common Level Ratio; Real Estate Valuation Factors. The Bruce Generator Co., Office ind Factory, 1S5 to 18S West TWrd SU, St Paul" Minn.

Trusted and secure by over 3 million people of the world’s leading companies

Pennsylvania Department of Revenue Common Level Ratio Factors For Lackawanna County (67.2 KiB)