After nine years with only one tax hike of about 2 percent, the Upper Providence Township is proposing a 48 percent increase. The preliminary budget approved by council shows a total tax rate of 4.629 mills, 1.501 mills more than last year. For an assessment of $250,000, taxes rise from $782 to $1,157. Township Manager Edward Cashman presented the preliminary budget, noting the township administration and council expect to have further meetings before the final document comes to the board in December for approval. The township’s transfer taxes (from properties sold) were about $300,000 to date, significantly below the $550,000 budgeted last year and more so from the $750,000 the township received in one recent year. Building permits and interest on all accounts were also much lower than budgeted, all signs of the economic downturn of 2009. Extra budget meetings open to the public will be legally advertised and announced on the township’s Web site here.
Upper Providence taxes to jump 48 percent
November 12, 2009 By 1 Comment