PRINTER'S NO. 1793
No. 1531 Session of 1981
INTRODUCED BY NAHILL, HARPER, PETRARCA, SWAIM, MORRIS, HAGARTY,
TELEK, ARTY AND MICHLOVIC, JUNE 15, 1981
REFERRED TO COMMITTEE ON URBAN AFFAIRS, JUNE 15, 1981
AN ACT
1 Amending the act of June 27, 1939 (P.L.1199, No.404), entitled
2 "An act relating to the assessment of real and personal
3 property and other subjects of taxation in counties of the
4 first class; providing for the appointment of members of the
5 board of revision of taxes by the judges of the courts of
6 common pleas; providing for the appointment, by the board, of
7 personal property assessors, real estate assessors and
8 assistant real estate assessors, clerks and other employes;
9 fixing the salaries of members of the board, assessors and
10 assistant assessors, and providing for the payment of
11 salaries and expenses from the county treasury; prescribing
12 the powers and duties of the board and of the assessors, the
13 time and manner of making assessments, of the revision and
14 notice of assessments and of appeals therefrom; prescribing
15 the records of assessments; and repealing existing laws,"
16 further providing for determination of value.
17 The General Assembly of the Commonwealth of Pennsylvania
18 hereby enacts as follows:
19 Section 1. Section 13, act of June 27, 1939 (P.L.1199,
20 No.404), entitled "An act relating to the assessment of real and
21 personal property and other subjects of taxation in counties of
22 the first class; providing for the appointment of members of the
23 board of revision of taxes by the judges of the courts of common
24 pleas; providing for the appointment, by the board, of personal
1 property assessors, real estate assessors and assistant real
2 estate assessors, clerks and other employes; fixing the salaries
3 of members of the board, assessors and assistant assessors, and
4 providing for the payment of salaries and expenses from the
5 county treasury; prescribing the powers and duties of the board
6 and of the assessors, the time and manner of making assessments,
7 of the revision and notice of assessments and of appeals
8 therefrom; prescribing the records of assessments; and repealing
9 existing laws," is amended to read:
10 Section 13. (a) All property within the county now or
11 hereafter made taxable by law, shall be valued and assessed by
12 the assessors and by the board at the actual value thereof. In
13 determining the actual value of property, the price at which the
14 same would separately bona fide sell shall be considered but
15 shall not be controlling.
16 (b) In addition to other permitted approaches to value, the
17 board may also consider the reproduction cost of the property,
18 less depreciation, and the use of the property (value in use).
19 Section 2. All of these provisions shall be applicable to
20 all pending appeals, as well as future appeals.
21 Section 3. This act shall take effect immediately and shall
22 be retroactive to January 1, 1981.
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