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NOTICES

DEPARTMENT
OF REVENUE

Life Estate and Remainder Factors; Pennsylvania Realty Transfer Tax

[43 Pa.B. 3193]
[Saturday, June 8, 2013]

 In accordance with 61 Pa. Code § 91.165(d) (relating to reservations or conveyances of life estates), the Department of Revenue is required to periodically publish notice of the Life Estate and Remainder Factors and their effective date to be used for the calculation of the taxable value of a Life Estate and Remainder Interest in real estate.

 Section 91.165(d)(1) of 61 Pa. Code provides that the factors will be based upon tables published by the Internal Revenue Service (IRS) for calculating the present worth of a Life Estate and Remainder Interest. The IRS table of factors to be used is the table based upon an average interest rate for the 36 months prior to publication of the factors in the Pennsylvania Bulletin. The average interest rate rounded to the nearest two tenths of a percent for the 36 months prior to publication of this notice (June 2010—May 2013) is 1.8%.

 Effective immediately, the Department is updating the Life Estate and Remainder Factors to account for changes in mortality and interest rates as follows:

Pennsylvania Realty Transfer Tax
Factors for Conveyances or Reservations of
Life Estate and Remainder Interests in Real Estate

IRS Publication 1457
Table S (1.8)
Single Life Factors Based on Life Table 2000CM
Interest at 1.8 Percent

Age Life Estate Remainder
0 0.73255 0.26745
1 0.73289 0.26711
2 0.72845 0.27155
3 0.72381 0.27619
4 0.71902 0.28098
5 0.71412 0.28588
6 0.70910 0.29090
7 0.70399 0.29601
8 0.69878 0.30122
9 0.69346 0.30654
10 0.68803 0.31197
11 0.68250 0.31750
12 0.67687 0.32313
13 0.67116 0.32884
14 0.66540 0.33460
15 0.65962 0.34038
16 0.65381 0.34619
17 0.64797 0.35203
18 0.64209 0.35791
19 0.63615 0.36385
20 0.63013 0.36987
21 0.62403 0.37597
22 0.61784 0.38216
23 0.61156 0.38844
24 0.60516 0.39484
25 0.59863 0.40137
26 0.59196 0.40804
27 0.58516 0.41484
28 0.57822 0.42178
29 0.57116 0.42884
30 0.56399 0.43601
31 0.55671 0.44329
32 0.54932 0.45068
33 0.54182 0.45818
34 0.53422 0.46578
35 0.52653 0.47347
36 0.51873 0.48127
37 0.51084 0.48916
38 0.50285 0.49715
39 0.49477 0.50523
40 0.48660 0.51340
41 0.47835 0.52165
42 0.47002 0.52998
43 0.46160 0.53840
44 0.45310 0.54690
45 0.44453 0.55547
46 0.43587 0.56413
47 0.42714 0.57286
48 0.41834 0.58166
49 0.40947 0.59053
50 0.40051 0.59949
51 0.39148 0.60852
52 0.38237 0.61763
53 0.37320 0.62680
54 0.36397 0.63603
55 0.35470 0.64530
56 0.34543 0.65457
57 0.33616 0.66384
58 0.32691 0.67309
59 0.31767 0.68233
60 0.30842 0.69158
61 0.29919 0.70081
62 0.28999 0.71001
63 0.28083 0.71917
64 0.27172 0.72828
65 0.26265 0.73735
66 0.25355 0.74645
67 0.24446 0.75554
68 0.23539 0.76461
69 0.22638 0.77362
70 0.21744 0.78256
71 0.20857 0.79143
72 0.19979 0.80021
73 0.19112 0.80888
74 0.18259 0.81741
75 0.17423 0.82577
76 0.16607 0.83393
77 0.15809 0.84191
78 0.15032 0.84968
79 0.14275 0.85725
80 0.13540 0.86460
81 0.12828 0.87172
82 0.12139 0.87861
83 0.11474 0.88526
84 0.10834 0.89166
85 0.10218 0.89782
86 0.09627 0.90373
87 0.09061 0.90939
88 0.08521 0.91479
89 0.08006 0.91994
90 0.07516 0.92484
91 0.07051 0.92949
92 0.06610 0.93390
93 0.06194 0.93806
94 0.05801 0.94199
95 0.05431 0.94569
96 0.05084 0.94916
97 0.04758 0.95242
98 0.04453 0.95547
99 0.04166 0.95834
100 0.03900 0.96100
101 0.03649 0.96351
102 0.03417 0.96583
103 0.03188 0.96812
104 0.02977 0.97023
105 0.02769 0.97231
106 0.02512 0.97488
107 0.02221 0.97779
108 0.01760 0.98240
109 0.00884 0.99116

DANIEL MEUSER, 
Secretary

[Pa.B. Doc. No. 13-1052. Filed for public inspection June 7, 2013, 9:00 a.m.]



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