Columbia Borough school board proposes final budget and tax resolutions | Community News | lancasteronline.com

When: Columbia school board committee meeting, June 4.

What happened: The finance committee proposed a final budget of $32.4 million for the 2024-25 academic year, including a total estimated $31.9 million in revenue. In addition, the committee proposed its annual tax levy resolution, which would include a real estate tax of 26.46 mills. This does not include a property tax increase for residents.

How to calculate your tax: One mill is equal to $1 in property tax for every $1,000 of assessed value. To calculate your tax burden, multiply the millage rate by the number of thousands of the assessed value of your property. For example, a homeowner with a property assessed at $100,000 would pay $2,646 annually.
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