Rev 183 2010 form-2025

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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.
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.
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.
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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.
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).
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.
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.
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.

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