Thursday, November 21, 2024

Columbia council hikes tax rate to 10 mills


Columbia Borough's municipal tax rate is set to rise by 2 mills, bringing the current rate of 8 mills to 10 mills for 2025.

At Wednesday's budget meeting, which lasted almost three and a half hours, council proposed the increase, which will be voted on at next Tuesday's regular meeting. Another 2 mill hike is likely for 2026.

The current 2 mill hike means that a property assessed at $100,000 will pay an extra $200 in taxes annually. The amount of the increase is found by multiplying .002 x a property's assessed value.

The archived livestream of the meeting, which was unfortunately plagued by audio problems, is posted at the borough’s YouTube channel: @columbiaborough9889

The budget sheets are HERE.

No comments: