PA Department of Community and Economic Development
The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed and thrive in a global economy. Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds.
400 North Street Harrisburg Pennsylvania 17120 United States
State Tax Equalization Board (STEB)/Tax Equalization Division (TED)
Information pertaining to the STEB & TED
The State Tax Equalization Board (STEB) was established by the General Assembly in Act 447 PL 1046, 1947, to compensate for the lack of assessment uniformity statewide in distributing school subsidies.
The Board consists of a Chairman, two Members, and a staff of nine. The Board is appointed by the Governor and approved by the General Assembly for a term of four years.
As a result of Act 2 of 2013, STEB staff became a part of the Department of Community and Economic Development (DCED) in order to allow for greater efficiencies through the sharing of resources. Referred to as the Tax Equalization Division (TED) within DCED, the division collaborates with the board in order to fulfill its responsibilities.
The primary function of the Board will determine annually the aggregate market value of taxable real estate property in each political subdivision and school district throughout the Commonwealth of Pennsylvania.
Common Level Ratios
The Board is to establish a common level ratio of assessed value to market value for each county for the prior calendar year.
As part of an ongoing process to update, modernize and modify the reporting of sales figures from counties to the state, some changes have been made to the reporting system and to the STEBTrac system which is now named PA-TEDTRac.
There is new file upload process that is available starting August 1, 2014.