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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.