Wednesday, November 28, 2012
Borough Manager Timi Kirchner presented a 2013 $31.25 million budget review Tuesday night at Lansdale Borough Council's action meeting. The budget will be advertised for 20 days before adoption in December
Lansdale Borough Council proposed to keep taxes in line Tuesday night, voting unanimously to advertise a balanced 2013 budget. The $31.25 million budget will be advertised for 20 days before its formal adoption by the borough. The millage rate in Lansdale remains at 3.5 mills. One mill yields $1 in revenue for each $1,000 of assessed value. For example, a homeowner with a house assessed in Lansdale at $123,000 would pay a property tax bill of $430.50 a year. Proposed expenditures and revenues stand at $31,249,000. For the Lansdale resident, 12.08 percent of his or her real estate tax bill goes to Lansdale. Montgomery County gets 10.88 percent of the bill and North Penn School District receives 77.04 percent of the bill. Borough Manager …
Friday, June 29, 2012
North Penn School District negotiated an increase in the assessment of the Rite Aid property at 10 West Main Street to $1.9 million
North Penn School District and Lansdale Borough have agreed to a negotiated assessment increase of the Rite Aid property at 10 West Main Street in Lansdale. The property formerly assessed at $736,630 has been increased to an assessment of around $1.9 million, according to borough councilman and administration and finance committee chairman Dan Dunigan. "There was an appeal filed by the North Penn School District (for) 10 W. Main St. - the Rite Aid. As a result of that, there was a negotiated increase in the assessment of the building, which resulted in a substantial increase," Dunigan said. Dunigan said the new $1.9 million assessment totals about a $35,000 increase in tax value. "The school district is collecting the vast majority. The …
Tuesday, December 13, 2011
Real estate tax millage remains at 1.49 mills and Homestead Exclusion remains at $30,000 for eligible property owners
No new taxes in Montgomery Township. Supervisors Monday night unanimously approved an $11.4 million budget with no increase in real estate taxes. Montgomery Township will begin 2012 with a $36,385 surplus as well. Real estate tax millage in the township remains at 1.49 mills. One mil equals $1 for every $1,000 of taxable property value. Thus, township residents pay $1.49 for every $1,000 of taxable property. The real estate tax rate was reduced from 1.61 mills in 2003 to 1.49 mills in 2006. The Homestead Exclusion remains in the budget at $30,000. “The township offers the Homestead Exclusion, which was implemented in 2003 and increased to $30,000 in 2009,” said township Finance Director Shannon Drosnock. “This provides approximately $308,…
Tuesday, November 15, 2011
Supervisors will approve final budget at its December 12 meeting
Montgomery Township Board of Supervisors approved Monday a preliminary $11.4 million budget with no increase in real estate taxes. The proposed budget includes a surplus of $36,385. Supervisors will vote on the final budget at their December 12 meeting. Real estate tax millage remains at 1.49 mills. One mil equals $1 for every $1,000 of taxable property value. Thus, Montgomery Township residents pay $1.49 for every $1,000 of taxable property. The real estate tax rate was reduced from 1.61 mills in 2003 to 1.49 mills in 2006. The Homestead Exclusion remains in the budget, at $30,000. More than 75 percent of taxpayers participate in the program, providing $308,000 in annual tax relief. Finance Director Shannon Drosnock said township staff …
Robert Willi
7:09 pm on Thursday, November 29, 2012
What I don't see is that the Borough has tried to get any Grant money for any of their projected projects. They could cut some of their spending on these projects with Grant money. more ›