§ 8904.2-B. Property assessment
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: August 12, 2016
Effective: August 12, 2016
72 P.S. § 8904.2-B
§ 8904.2-B. Property assessment
Notwithstanding 53 Pa.C.S. Ch. 88 (relating to consolidated county assessment), for purposes of determining the assessed value of property located in a neighborhood improvement zone, the actual fair market value of the property shall be established without utilizing or considering the cost approach to valuation, and any funds received by the contracting authority and utilized directly or indirectly in connection with the property shall not be considered real property or income attributable to the property.
Credits
1971, March 4, P.L. 6, No. 2, art. XIX-B, § 1904.2-B, added 2016, July 13, P.L. 526, No. 84, § 41, effective in 30 days [Aug. 12, 2016].
72 P.S. § 8904.2-B, PA ST 72 P.S. § 8904.2-B
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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