Common Level Ratio Rises in Allegheny County
No. 1,267 The Common Level Ratio, established by the State Board of Equalization, increased from 1.09 to 1.15, effective tomorrow, July 1, 2016. This means that if a property is assessed at $100,000 and is transferred for lees-than-arms-length consideration, the realty transfer tax was formerly paid on $100,000 x 1.09 or $109,000. Now it is […]
#Presidential Campaign: Noblesse Oblige in the 21st Century
No. 1,245 Summary: Trump’s self-funded campaign does not insure against contributor’s influence because Trump has the cause and effect equation backwards. George Washington, whom we celebrate this President’s Day, was once reputed to be the wealthiest man in America. If so, his wealth consisted almost entirely in non-fungible frontier land, including a large swath of […]