North Hills School District Hikes Property Taxes
Real estate taxes are rising in the North Hills School District. Find out here how much extra homeowners now will pay. North Hills School District has approved a spending plan that includes a real estate tax increase of.67 mills and a hike from the current rate of 19.70 to 20.37 mills. The tax increase means that homeowners with homes valued at $134,400, the median in Ross, will pay $90.05 more per year or $7.50 more per month. Those with a home valued at €97,600, the average home in West View borough, will also pay $65.39 more annually. The board also approved the district’s homestead exclusion for 2024-25, which will be divided among taxpayers with approved homestead properties as a reduction against their total taxes owed.
Diterbitkan : 11 bulan yang lalu oleh Eric Heyl di dalam Business Finance
School directors on June 6 approved the spending plan, which includes a real estate tax increase of .67 mills and hikes the rate from 19.70 to 20.37 mills. One mill equals one dollar per $1,000 of a property's assessed value. What exactly does the tax increase mean for homeowners?
Those with a home valued at $134,400, the median in Ross, will pay $90.05 more per year or $7.50 more per month. Those with a home valued at $97,600, the median in West View borough, will pay $65.39 more per year or $5.45 per month. For a home valued at $300,000, the increase is $201 per year or $16.75 a month.
The board also approved the district’s homestead exclusion for 2024-25. The $2,170,491 allocation, resulting from state gaming funds, is divided equally among taxpayers with approved homestead properties as a reduction against their total taxes owed. For 2024-25, that reduction is $195.59, which is more than the $162.63 reduction per homestead allocated in 2023-24.
Topik: Taxes