Bill > SB567

This bill establishes a comprehensive framework for regular property assessment revisions and creates a State Tax Equalization Board to oversee property valuation processes across Pennsylvania counties. Specifically, the bill requires counties to conduct countywide property assessments on a cyclical basis (every five years), with the Department of Revenue developing a schedule that will ensure all counties complete reassessments within a five-year period. The bill allows counties to fund these reassessments through a modest annual fee (up to $20 per parcel) or a tax levy, and creates an operating reserve fund to support future assessment efforts. The newly established State Tax Equalization Board will have extensive powers, including creating a centralized property valuation database, developing statewide training programs for assessment professionals, establishing standards for assessment methodologies, and certifying property market values for educational funding purposes. The board will consist of three ex officio members from the Departments of Community and Economic Development, Education, and Revenue, and will be responsible for ensuring more uniform and up-to-date property valuations across the state. The legislation aims to address constitutional concerns about outdated property assessments by implementing a systematic approach to regular property revaluation, with the ultimate goal of creating a more equitable property tax system.

Government Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=567