July brings us thoughts of blue pools, cold iced teas, sparkling fireworks, and important updates from the Pennsylvania Department of Revenue. The Pennsylvania Department of Revenue has released the Common Level Ratio Estate Valuation Factors (CLRs) for the 2021-2022 fiscal year.
Any document dated July 1, 2021 and beyond must use the new Common Level Ratio for Montgomery County: 2.24
As usual, we will give a two week grace period for Common Level Ratio errors on documents dated July 1 and later.
Please see below for a list of Common Level Ratio Real Estate Valuation Factors for all Pennsylvania Counties. You can click here.
As always, please feel free to call our office at 610-278-3289 with any questions.