Thursday, November 21, 2024

Columbia council poised to hike tax rate to 10 mills, a 25% increase


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 hike, which equates to a 25% increase. Another 2 mill hike is likely for 2026. Council will vote to advertise the 2025 budget at next Tuesday's regular meeting.

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. LINK

The budget sheets are HERE.

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