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What is a CLR factor?

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. These factors are the mathematical reciprocals of the actual common level ratios.

Who pays real estate transfer tax in Pennsylvania?

Pennsylvania realty transfer tax is imposed at a rate of 1 percent on the value of real estate (including contracted-for improvements to property) transferred by deed, instrument, long-term lease or other writing. Both grantor and grantee are held jointly and severally liable for payment of the tax.

How much does it cost to transfer a house title in PA?

What does it cost? The recording charge is set by the county and we charge a administative fee. For counties from Erie, Elk, Franklin and Centre to Bucks, Berks, and Butler, the charge for a deed transfer across Pennsylvania is $700, with the sole exception of Philadelphia, which is $800.

What is the PA common level ratio?

Further defined in Pennsylvania law, \u201cCommon 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).\u201d For more information, see the PA Dept. of Community and Economic Development.

How much does it cost to transfer a deed in Philadelphia?

One to the Recorder of Deeds for $256.75; One to the City for 3.278% of the sale price (plus any assumed debt); and. One to the Commonwealth for 1% of the sale price (plus any assumed debt).

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What is a CLR factor?

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. These factors are the mathematical reciprocals of the actual common level ratios.

What is the PA common level ratio?

Further defined in Pennsylvania law, \u201cCommon 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).\u201d For more information, see the PA Dept. of Community and Economic Development.

What is the assessment ratio in Montgomery County PA?

To keep new assessments in line with old ones, the PA Department of Revenue sets a Common Level Ratio factor for each county every July. For example, Montgomery County has a 2021-2022 common level ratio factor of 2.24, meaning market value should equal 2.24 times the assessment.

Does seller pay transfer tax in PA?

Who pays transfer taxes in Pennsylvania: the buyer or the seller? According to the Pennsylvania Department of Revenue, both the seller and buyer are held jointly liable for the payment of transfer tax. What that means is that the two parties often split the cost equally between themselves.

How much is the real estate transfer tax in Pennsylvania?

Pennsylvania realty transfer tax is imposed at a rate of 1 percent on the value of real estate (including contracted-for improvements to property) transferred by deed, instrument, long-term lease or other writing. Both grantor and grantee are held jointly and severally liable for payment of the tax.

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What is a CLR factor?

What is the PA common level ratio?

What is the assessment ratio in Montgomery County PA?

Does seller pay transfer tax in PA?

How much is the real estate transfer tax in Pennsylvania?

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Get the up-to-date rev 183 2010 form-2024 now

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How to edit Rev 183 2010 form in PDF format online

See more rev 183 2010 form versions

Complete this form in 5 minutes or less

Got questions?

What is a CLR factor?

Who pays real estate transfer tax in Pennsylvania?

How much does it cost to transfer a house title in PA?

What is the PA common level ratio?

How much does it cost to transfer a deed in Philadelphia?

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What is a CLR factor?

What is the PA common level ratio?

What is the assessment ratio in Montgomery County PA?

Does seller pay transfer tax in PA?

How much is the real estate transfer tax in Pennsylvania?

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