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NOTICES

DEPARTMENT OF REVENUE

Life Estate and Remainder Factors; Pennsylvania Realty Transfer Tax

[49 Pa.B. 3023]
[Saturday, June 8, 2019]

 In accordance with 61 Pa. Code § 91.165(d) (relating to reservations or conveyances of life estates), the Department of Revenue (Department) 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. See https://www.irs.gov/retirement-plans/actuarial-tables. 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 2016—May 2019) is 2.6%.

 Effective July 1, 2019, 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 (2.6)
Single Life Factors Based on Life Table 2000CM
Interest at 2.6 Percent

Age Life Estate Remainder
 0 0.84352 0.15648
 1 0.84542 0.15458
 2 0.84183 0.15817
 3 0.83800 0.16200
 4 0.83400 0.16600
 5 0.82987 0.17013
 6 0.82560 0.17440
 7 0.82121 0.17879
 8 0.81670 0.18330
 9 0.81205 0.18795
10 0.80727 0.19273
11 0.80236 0.19764
12 0.79732 0.20268
13 0.79218 0.20782
14 0.78697 0.21303
15 0.78171 0.21829
16 0.77642 0.22358
17 0.77107 0.22893
18 0.76566 0.23434
19 0.76017 0.23983
20 0.75457 0.24543
21 0.74886 0.25114
22 0.74303 0.25697
23 0.73707 0.26293
24 0.73096 0.26904
25 0.72466 0.27534
26 0.71818 0.28182
27 0.71151 0.28849
28 0.70465 0.29535
29 0.69763 0.30237
30 0.69044 0.30956
31 0.68309 0.31691
32 0.67558 0.32442
33 0.66789 0.33211
34 0.66007 0.33993
35 0.65208 0.34792
36 0.64394 0.35606
37 0.63565 0.36435
38 0.62719 0.37281
39 0.61859 0.38141
40 0.60984 0.39016
41 0.60094 0.39906
42 0.59191 0.40809
43 0.58271 0.41729
44 0.57337 0.42663
45 0.56389 0.43611
46 0.55426 0.44574
47 0.54450 0.45550
48 0.53460 0.46540
49 0.52455 0.47545
50 0.51434 0.48566
51 0.50398 0.49602
52 0.49347 0.50653
53 0.48282 0.51718
54 0.47204 0.52796
55 0.46116 0.53884
56 0.45022 0.54978
57 0.43922 0.56078
58 0.42818 0.57182
59 0.41710 0.58290
60 0.40595 0.59405
61 0.39476 0.60524
62 0.38355 0.61645
63 0.37234 0.62766
64 0.36113 0.63887
65 0.34991 0.65009
66 0.33860 0.66140
67 0.32723 0.67277
68 0.31584 0.68416
69 0.30447 0.69553
70 0.29312 0.70688
71 0.28181 0.71819
72 0.27055 0.72945
73 0.25939 0.74061
74 0.24836 0.75164
75 0.23751 0.76249
76 0.22686 0.77314
77 0.21642 0.78358
78 0.20620 0.79380
79 0.19622 0.80378
80 0.18649 0.81351
81 0.17702 0.82298
82 0.16783 0.83217
83 0.15893 0.84107
84 0.15032 0.84968
85 0.14202 0.85798
86 0.13403 0.86597
87 0.12637 0.87363
88 0.11901 0.88099
89 0.11199 0.88801
90 0.10529 0.89471
91 0.09891 0.90109
92 0.09286 0.90714
93 0.08713 0.91287
94 0.08170 0.91830
95 0.07658 0.92342
96 0.07176 0.92824
97 0.06724 0.93276
98 0.06299 0.93701
99 0.05899 0.94101
100  0.05527 0.94473
101  0.05176 0.94824
102  0.04851 0.95149
103  0.04530 0.95470
104  0.04234 0.95766
105  0.03943 0.96057
106  0.03580 0.96420
107  0.03171 0.96829
108  0.02518 0.97482
109  0.01267 0.98733

C. DANIEL HASSELL, 
Secretary

[Pa.B. Doc. No. 19-874. Filed for public inspection June 7, 2019, 9:00 a.m.]



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