Pennsylvania Code
Title 61 - REVENUE
Part III - State Tax Equalization Board
Chapter 601 - GENERAL PROVISIONS
Section 601.2 - Purpose and scope
Universal Citation: 61 PA Code ยง 601.2
Current through Register Vol. 54, No. 38, September 21, 2024
(a) The purpose of the Board is to convert aggregate taxable assessments in each school district which are determined by Statewide dissimilar procedures into aggregate market values based on Statewide uniform procedures.
(b) The General Assembly of the Commonwealth, in its efforts to provide equal basic educational opportunities for children throughout this Commonwealth, established the Board in 1947 for the following reasons:
(1) The growing need to reflect
unequal local financial abilities of school districts in distributing school
subsidies.
(2) The failure of local
assessed valuations to provide such an index on account of the Statewide lack
of assessment uniformity.
(3) The
growing trend of the Commonwealth to assume more responsibility for financing
the public school system.
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