2010 Pennsylvania Code
Title 53 - MUNICIPALITIES GENERALLY
Chapter 87 - Other Subjects of Taxation
8706 - Property tax limits on reassessment.

     § 8706.  Property tax limits on reassessment.
        After any county makes a countywide revision of assessment of
     real property at values based upon an established predetermined
     ratio as required by law or after any county changes its
     established predetermined ratio, each school district that has
     made an election under section 8703 (relating to adoption of
     referendum), which hereafter for the first time levies its real
     estate taxes on that revised assessment or valuation, shall for
     the first year reduce its tax rate, if necessary, for the
     purpose of having the percentage increase in taxes levied for
     that year against the real properties contained in the duplicate
     for the preceding year be less than or equal to the percentage
     increase in the Statewide average weekly wage for the preceding
     year notwithstanding the increased valuations of such properties
     under the revised assessment. For the purpose of determining the
     total amount of taxes to be levied for the first year, the
     amount to be levied on newly constructed buildings or structures
     or on increased valuations based on new improvements made to
     existing houses need not be considered. The tax rate shall be
     fixed for that year at a figure which will accomplish this
     purpose. The provisions of section 8704 (relating to public
     referendum requirements for increasing property taxes previously
     reduced) shall apply to increases in the tax rate above the
     limits provided in this section.

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