The bill amends Title 53 of the Pennsylvania Consolidated Statutes regarding changes in assessed valuation for real property. It allows assessors to change the assessed valuation when a parcel of land is subdivided or when improvements exceeding 20% of the most recent assessed value are made. However, it specifies that the recording of a subdivision plan does not lead to assessment increases until the lots are sold or significant improvements are installed. Additionally, routine maintenance, such as painting or regular repairs, will not trigger a change in valuation.

A new subsection (a.1) is introduced, which places limitations on when assessors can assess real property for improvements. Specifically, 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 instance of such improvements during the owner's ownership, then the assessors may not change the assessment. This aims to protect homeowners from increased property taxes due to minor improvements. The act is set to take effect in 60 days.

Statutes/Laws affected:
Printer's No. 1141 (Sep 04, 2025): 53-8817(a)