Equity Agreement Statement For Property In Allegheny
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FAQ
In 2025, Allegheny County's CLR will drop to 52.7%. Four years ago, Allegheny County properties were assessed at 86.2% of market value.
County Executive Innamorato and County Council have jointly agreed on a compromised budget agreement that will result in a 1.7 mill increase and a balanced budget for 2025. The calculator below can be used to calculate your property taxes with the new millage rate of 6.43.
These have led to a large reduction in the CLR used in Allegheny County - from 87.5% in 2021, to 63.5% in 2022 and 63.6% in 2023. 2024 - The common level ratio reduced significantly again to 54.5% for 2024 appeals. May 2024 - The Allegheny County Council changed the appeal window for 2025 appeals.
As the Common Level Ratio (CLR) for properties in Allegheny County has been dramatically reduced over the past three years (from 86.2% in 2021 to 63.5% in 2022; and from 63.6% in 2023 to 54.5% in 2024), the number of real estate tax assessment appeals filed has increased.
How do I change my name on the deed? The Allegheny County Real Estate Office handles owner name changes, please call 412-350-4226. Please note, if any changes are made to the deed you must reapply for any programs (i.e., Homestead, Senior Citizen Tax Relief).
Further defined in Pennsylvania law, “Common Level Ratio shall mean the ratio of assessed value to current market value used generally in the county as last determined by the State Tax Equalization Board (STEB).”
Assessed value is the dollar value assigned to a home or other property for tax purposes. It takes into consideration comparable home sales, location, and other factors. Assessed value is not the same as fair market value (what the property could sell for) but is often calculated as a percentage of it.
Property Assessment Allegheny County uses base year methodology to set assessed values. Base year methodology allows similar homes to have similar assessments by eliminating the effect of changing market conditions.
As the Common Level Ratio (CLR) for properties in Allegheny County has been dramatically reduced over the past three years (from 86.2% in 2021 to 63.5% in 2022; and from 63.6% in 2023 to 54.5% in 2024), the number of real estate tax assessment appeals filed has increased.
