State Tax Equalization Board (STEB)/Tax Equalization Division (TED)
STEB bill signing.
The Tax Equalization Division (TED) (formerly PA 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 Legislature for a term of four years.
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.