Bulletin: PA000014

Date:
March 09, 2007
To:
All Issuing Offices in Pennsylvania
RE:
Common Level Ratios and Local and State Realty Transfer Taxes

Dear Associates:

Attached please find the latest list of Common Level Ratios for computing fair market property values on which the Commonwealth derives the basis for the transfer tax.  The list is effective January 1, 2007 through June 30, 2007.  Unless the consideration is stated in the deed the Affidavit of Value must be attached to the deed reflecting this calculation.  You can find the history of the Common Level Ratios for all counties back to 1986 at http://www.revenue.state.pa.us/revenue/cwp/browse.asp?a=3&bc=0&c=34808.

The Commonwealth of Pennsylvania charges 1% of the consideration for transfer taxes and local municipalities are permitted to charge a percentage of the consideration for which their yearly budget has the need.  This list shows only those local municipal transfer tax rates which are OTHER THAN the standard 1%.

Please note that the Cities of Scranton and Reading very recently raised their transfer taxes.

Please contact a Stewart Pennsylvania underwriter if you have any questions concerning this or any other topic for which you need assistance. 

THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER  AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.

 

 

PENNSYLVANIA DEPARTMENT OF REALTY TRANSFER TAX

2005 COMMON LEVEL RATIO REAL ESTATE VALUATION FACTORS

December 2006


The following real estate valuation factors are based on sales data compiled by the State Tax Equalization Board in 2005. These factors are the mathematical reciprocals of the actual common level ratio. For Pennsylvania Realty Transfer Tax purposes, these factors are applicable for documents accepted from July 1, 2006 to June 30, 2007, except as indicated below. 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

COMMON

LEVEL

RATIO
FACTOR

COUNTY

COMMON

LEVEL

RATIO
FACTOR

    COUNTY

COMMON

LEVEL

RATIO FACTOR

Adams

3.98

*Elk

2.18

***Montour

1.00

Allegheny

1.10

Erie

1.18

Northampton

3.18

Armstrong

2.70

Fayette

1.14

Northumberland

3.64

Beaver

3.31

Forest

4.83

Perry

1.33

Bedford

5.47

Franklin

9.35

Philadelphia

3.50

Berks

1.33

Fulton

2.61

Pike

5.47

Blair

12.20

Greene

1.21

Potter

2.72

Bradford

2.63

Huntingdon

7.46

Schuylkill

2.48

Bucks

10.10

**Indiana

5.88

Snyder

4.94

Butler

10.20

Jefferson

1.85

Somerset

2.71

Cambria

3.60

Juniata

6.21

Sullivan

1.52

Cameron

3.08

Lackawanna

5.95

Susquehanna

2.84

Carbon

2.74

Lancaster

1.22

Tioga

1.25

Centre

3.24

Lawrence

1.14

***Union

1.00

Chester

1.82

Lebanon

6.80

Venango

1.05

Clarion

5.38

Lehigh

3.16

Warren

2.93

Clearfield

5.47

Luzerne

17.24

Washington

7.30

Clinton

4.24

Lycoming

1.10

Wayne

1.23

Columbia

3.47

McKean

1.09

Westmoreland

5.10

Crawford

3.02

Mercer

3.68

Wyoming

4.59

Cumberland

1.14

Mifflin

2.18

***York

1.00

Dauphin

1.33

Monroe

7.09

 

 

Delaware

1.55

Montgomery

1.87

 

 

 

* Adjusted by the Department of Revenue to reflect assessment ratio change effective January 1, 2006.

** Revised by the State Tax Equalization Board. Adjusted by the Department of Revenue to reflect assessment ratio change effective

January 1, 2006.

*** Adjusted by the Department of Revenue to reflect assessment base change effective January 1, 2006. Adjusted by the Department of Revenue to reflect assessment ratio change effective January 1, 2007.

 

MUNICIPAL TRANSFER TAXES

January 1, 2007


ALLEGHENY COUNTY

       Bellevue - 1 ½%

       Bethel Park -1 ½%

        Greentree - 1 ½%

        Hampton- 1 ½%

        McCandless - 1 ½%

        McKeesport - 2%

         Monroeville - 1 ½%

         Mt. Lebanon - 1 ½%

         Mt. Oliver - 2%

         O'Hara - 1 ½%

         Penn Hill - 2%

         Pine - 1 ½%

         Pittsburgh City - 3%

         Upper St. Clari - 1 ½%

         West Deer - 1 ½%

          Whitehall - 1 ¼%

BEAVER COUNTY

          Georgetown -1/2%

          Hookstown - 1/2%

BERKS COUNTY

          Reading City 4%

CENTRE COUNTY

          Taylor -1/2%

          Ferguson  -1 ¾%

          State College Boro - 1 ½%

CHESTER COUNTY   

          Coatesville City -2%

          Tredyffrin - 1 ½%

CLINTON COUNTY

          Colebrook - 1/2%

          East Kating -1/2%

          Logan -1/2%

DELAWARE COUNTY

          Radnor - 1 ½%

          Upper Providence - 1 ½%

LACKAWANNA COUNTY

          Scranton City -3%

LUZERNE COUNTY

          Kingston - 1 ½%

          Wilkes-Barre City -2%

MERCER COUNTY

          Farrell City -2%

          Hermitage City - 1 ½%

          Sheakleyville - 0%

PHILADELPHIA COUNTY

          Philadelphia City -3%

SOMERSET COUNTY

          Wellersburg - 1/2% 

WASHINGTON COUNTY

          Peters - 1 ½%

ADD ANOTHER 1% FOR THE COMMONWEALTH OF PENNSYLVANIA FOR THE TOTAL TRANSFER TAXES DUE

References

Bulletins Replaced:
None
Related Bulletins:
None
Underwriting Manual:
None
Exceptions Manual:
None
Forms:
None