Transfer Of TitleTaxesEASY
Pennsylvania property taxes are assessed based on:
Correct Answer
B) County-determined assessed value
Pennsylvania property taxes are based on assessed values determined by the county, which may differ from market value.
Answer Options
A
Sale priceB
County-determined assessed valueC
Land value onlyD
Replacement costAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
property-assessment-methodsmillage-ratesproperty-tax-calculationsreal-estate-tax-implications
Key Terms:
county assessed valuead valorem taxationGeneral County Assessment LawPennsylvania property tax baseassessment ratio
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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