The State Tax Equalization Board (STEB) was established to compensate for the lack of assessment uniformity statewide in distributing school subsidies.

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Aug 3, 2022 · "STEB’s primary function is to determine the aggregate market value of taxable real property in each political subdivision and school district throughout Pennsylvania.

Dec 3, 2002 · The State Realty Transfer Tax Law, Act 77 of 1986, mandates the use of the State Tax Equalization Board (STEB) Common Level Ratio factor for determining the taxable fair …

Pennsylvania law mandates STEB to use “statistically acceptable techniques” in arriving at the CLR. STEB is required to publicly disclose its methodology in computing the ratios and publish …

Nov 14, 2017 · In 2013, STEB was formally transferred to the Department of Community and Economic Development (DCED). The Board consists of a Chairman and two Members. The …

STEB uses statistically-acceptable ratio study techniques to compute market values for each school district for the prior calendar year and annually certifies them to the Department of …

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Additional information pertaining to STEB and the common level ratio is available on the State Tax Equalization Board (STEB) / Tax Equalization Division (TED) web page.