What document is required for recording in PA if the actual consideration paid for a conveyance is not stated?

In Pennsylvania, when the actual consideration paid for a property transaction is not stated, it is necessary to submit a Statement of Value for recording. This document is important because it provides the county with information about the transaction's value, which is used for various purposes, such as calculating transfer taxes and maintaining accurate property records.

The Statement of Value must be completed and submitted along with the deed to ensure that the appropriate level of taxation is applied. It serves as a disclosure mechanism to clarify the transaction value and allows any discrepancies regarding the consideration to be addressed before the property transfer is finalized.

While there are other documents related to property transfers, their purposes differ. An Affidavit of Value may be used in specific contexts but is not the standardized document required for all transactions lacking a stated consideration. Similarly, the Property Transfer Declaration and Value Disclosure Form may seem relevant, but they do not hold the same requirement under Pennsylvania law for this particular situation. Hence, the Statement of Value is the correct choice to fulfill the recording requirements effectively.