Area Development
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Area Development
Pennsylvania
Tax Summary
Corporate
Income Tax
Rate...............................................................................................................
0.09999
Notes..............................................................................Double
weighted sales factor
Capital Stock and FranchiseTax
Rate...............................................................................................................
0.01199
Basis....................................................
Formula to approximate apportioned net worth
Minimum.............................................................................................................
$300
Notes...............................
Manufacturing Property excluded from apportionment factor
Sales Tax
State Rate...............................................................................................................
0.06
Local Rate..........................................
0.01 � Allegheny and Philadelphia Counties only
Manufacturing Exemption?.....................................................................................
Yes
Property
Tax
Real Property................................
Assessment ratios and tax rates vary by municipality
The aggregate rate ranges from approximately 2% to 5%.
Personal Property...............................................................................................
None
Intangible Property..............................................................................................
None
Personal
Income
Rate...................................................................................................................
0.028
Unemployment Compensation
Standard Rate....................................................................................................
0.054
Maximum Rate...................................................................................................
0.092
New Rate...........................................................................................................
0.035
Wage Limit.......................................................................................................
$8,000
*The valuation of local
property tax involves many factors including when the last
assessment was performed, what the county�s assessment ratio is
and what the combined millage of the taxing bodies is.
Due to this complexity, it is best to have professionals with
real estate tax experience perform your valuation.
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