§ 5452.4. Powers and duties of board
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs
72 P.S. § 5452.4
§ 5452.4. Powers and duties of board
The Board of Property Assessment, Appeals and Review shall have power and its duty shall be:
(a.1) The board shall assess real property at a value based upon an established predetermined ratio which may not exceed one hundred percent (100%) of actual value. Such ratio shall be established and determined by the board of property assessment, appeals and review after proper notice has been given. In arriving at actual value the county may utilize the current market value or it may adopt a base year market value.
(a.2) In arriving at actual value, the price at which any property may actually have been sold, either in the base year or in the current taxable year, shall be considered but shall not be controlling. In arriving at the actual value, all three methods, namely, cost (reproduction or replacement, as applicable, less depreciation and all forms of obsolescence), comparable sales and income approaches, must be considered in conjunction with one another.
(g) To perform and exercise such other powers and duties as may be conferred or imposed upon it by the provisions of this act1 or any other act of Assembly.
Credits
1939, June 21, P.L. 626, § 4. Amended 1982, Dec. 13, P.L. 1186, No. 272, § 2, imd. effective.
Footnotes
72 P.S. § 5452.1 et seq.
72 P.S. § 5452.4, PA ST 72 P.S. § 5452.4
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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