Edgmont Supervisors approved the 2011 budget, which calls for a tax increase equating to about $15 annually for the average assessment. The total tax rate is .7202 mills, or approximately $212 for a home assessed at $295,000. Township Manager Samantha Reiner said the need for a modest tax increase resulted, for the most part, from loss of revenue due to lack of housing starts, reduction of transfer taxes and the number of successful tax appeals lowering the overall assessment valuation for the township.
Edgmont taxes head up slightly
December 23, 2010 By Leave a Comment