And now, the Common Level Ratio for Allegheny County is . . .

Posted By Cliff Tuttle | July 5, 2012

No. 870

The Dog Days of Summer came early;

Temperatures will be in the upper 90’s all week; and

The annual Common Level Ratio computations from the State Tax Equalization Board have been announced.

Allegheny County stands still at 1.17.  That means that there has been only a 17% increase in the median sales price of real estate since 2002, when the ratio between land sale prices and assessed value was 1.0 by definition.  More importantly, the median sales price did not increase over the prior year. Of course, since the 2012 assessments (except in rare occasions) were unchanged over 2010, that meant that sales prices have not advanced at all.

Of course, that is no consolation to those who saw their 2013 assessed values double, triple or more. If that is your condition, hopefully you appealed. Here are the numbers throughout the State.

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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