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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1806 (March 30, 2024).

61 Pa. Code § 91.135. Judicial sales and other transactions.

§ 91.135. Judicial sales and other transactions.

 The value of real estate is its computed value where the real estate is transferred through any of the following:

   (1)  By execution upon a judgment or upon foreclosure of a mortgage or under a judicial sale or tax sale or a transfer to a transferee or assignee of a bid or other rights of a purchaser under a judicial or tax sale.

   (2)  In exchange for stock in a corporation, an interest in a partnership, limited partnership or association, or property—other than cash or credit—in a bona fide sale or otherwise.

   (3)  By gift or otherwise without consideration or for a nominal consideration.

   (4)  Under a transaction other than a bona fide sale.


   The provisions of this §  91.135 issued under section 1107-C of the Tax Reform Code of 1971 (72 P. S. §  8107-C).


   The provisions of this §  91.135 adopted September 9, 1988, effective September 10, 1988, 18 Pa.B. 4096; amended December 14, 2007, effective December 15, 2007, 37 Pa.B. 6516. Immediately preceding text appears at serial page (233362).

Cross References

   This section cited in 61 Pa. Code §  91.160 (relating to exchange of interest in real estate); 61 Pa. Code §  91.165 (relating to reservations on conveyances of life estates); and 61 Pa. Code §  91.166 (relating to life maintenance).

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