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.
Important changes to STEBTrac
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.
The new documenting process booklet is available electronically below. If you have any questions, contact STEB at 717.787.5950.