July brings thoughts of campfires, ice cold lemonade, road trips, and important updates from the Pennsylvania Department of Revenue. The Pennsylvania Department of Revenue has just now released the Common Level Ratio Estate Valuation Factors (CLRs) for the 2022-2023 fiscal year.
Any document dated July 1, 2022 and beyond must use the new Common Level Ratio for Montgomery County: 2.53.
As usual, we will give a two week grace period for Common Level Ratio errors on documents dated July 1 and later.
Please click here for a list of Common Level Ratio Real Estate Valuation Factors for all Pennsylvania Counties. Click here for more information as well as Historical Values for Montgomery County.
As always, please feel free to call our office at 610-278-3289 with any questions.