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Londonderry Township approves budget, 2-mill tax increase

Posted 11/4/14

 

Homeowners in Londonderry Twp. would see their tax bill jump $2 per thousand dollars of assessed value in 2015 under a preliminary budget and a 2-mill increase in real estate taxes approved by the township supervisors on Monday, Nov. 3. …

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Londonderry Township approves budget, 2-mill tax increase

Posted

Homeowners in Londonderry Twp. would see their tax bill jump $2 per thousand dollars of assessed value in 2015 under a preliminary budget and a 2-mill increase in real estate taxes approved by the township supervisors on Monday, Nov. 3.

A homeowner whose home is assessed with a value of $100,000 would see their township real estate tax go from $300 to $500. 

The $3.03 million budget is now available at the township office for public review and will be considered for a final vote Dec. 1. The total budget represents a 13 percent increase over the 2014 spending plan, which totaled $2.7 million. 

“We have only raised taxes twice in 20 years,” said Anna Dale, chairwoman of the supervisors. The township’s tax rate of 3 mills will be 5 mills for 2015. “We’re limited [in revenue options],” she said. “We hope to find some smart development to ease the burden.”

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