Pennsylvania SB979 amends the assessed valuation rules for real property, limiting reassessments for certain improvements.

Pennsylvania SB979 amends Title 53 of the Pennsylvania Consolidated Statutes to modify the rules for changes in assessed valuation of real property. The bill specifies that assessors may not reassess property when improvements are made if the improvements are equal to or less than 20% of the most recent assessed value, the property is the primary residence of the owner for at least five years, and this is the only such improvement during the owner's tenure.

Pennsylvania SB979 amends the assessed valuation rules for real property, limiting reassessments for certain improvements.

Pennsylvania SB979 amends Title 53 of the Pennsylvania Consolidated Statutes to modify the rules for changes in assessed valuation of real property. The bill specifies that assessors may not reassess property when improvements are made if the improvements are equal to or less than 20% of the most recent assessed value, the property is the primary residence of the owner for at least five years, and this is the only such improvement during the owner's tenure.