Plum residents will not experience a tax rate increase.

During a special meeting on Wednesday, borough council approved an $11.67 million budget that holds the millage rate steady at 4.3 mills.

That means a resident would pay $430 for every $100,000 of assessed property value. Tax rates have remained steady since 2008.

Though the preliminary budget included a $5-per-month sanitation fee, officials cut it from the budget.

Councilman Mike Dell said the borough has yet to receive certified county assessment figures for Plum.

Under the reassessment, taxing bodies can't receive more than 5 percent in property tax revenue so as not to use the reassessment as a major tax increase.

"Plum has not received their assessment values, so we may have to lower our millage rate in January if the assessment values come in higher," Dell said.

___________________

Plum-Oakmont Patch is on Facebook and on Twitter. Don't forget to sign up for our daily email newsletter by clicking here.