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§ 4903-A. Calculation of tax-neutral assessed value

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 16 P.S. CountiesEffective: June 8, 2001

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 16 P.S. Counties (Refs & Annos)
Chapter 2. Second Class County Code (Refs & Annos)
Article XIX-a. Optional Assessed Value Limitations
Effective: June 8, 2001
16 P.S. § 4903-A
§ 4903-A. Calculation of tax-neutral assessed value
Currentness
If a political subdivision has adopted an ordinance or resolution under section 1902-A,1 the assessed value of the homestead of a qualified owner-occupant shall not exceed the base year assessed value of the homestead multiplied by the tax-neutral ratio for the school district in which the homestead is located. The maximum assessed value calculated under this section shall apply only to the real property tax levied by the political subdivision that has adopted the ordinance or resolution.

Credits

1953, July 28, P.L. 723, No. 230, art. XIX-A, § 1903-A, added 2001, June 8, P.L. 114, No. 16, § 1, imd. effective.

Footnotes

1
16 P.S. § 4902-A.
16 P.S. § 4903-A, PA ST 16 P.S. § 4903-A
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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