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§ 5860.628. Assessment restrictions on property sold from repository

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 4. Local Taxation (Refs & Annos)
Delinquent Taxes in Counties, Cities of Third Class, Boroughs, Etc. (Refs & Annos)
Article VI. Sale of Property (Refs & Annos)
(f) Repository for Unsold Property (Refs & Annos)
72 P.S. § 5860.628
§ 5860.628. Assessment restrictions on property sold from repository
Currentness
Notwithstanding any other provisions of the various assessment laws of this Commonwealth, the price for which property is sold under this subarticle of the act only, shall be deemed to be the fair market value of the property for tax assessment purposes. The assessment and the consideration upon which it was made shall not be changed unless any of the following occurs:
(1) It is changed as part of a general county reassessment.
(2) It is sold as an individual parcel or as part of a combined parcel.
(3) It is improved as provided for in the several assessment laws of this Commonwealth.

Credits

1947, July 7, P.L. 1368, No. 542, § 628, added 1986, July 3, P.L. 351, No. 81, § 43, effective in 30 days.
72 P.S. § 5860.628, PA ST 72 P.S. § 5860.628
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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