Thursday, March 14, 2013
The tax rate has dropped for Oakmont residents.
Oakmont Borough's tax rate has reduced. Earlier this week, borough council agreed to reduce the millage rate from 4.5 to 3.4 to offset the increased property values stemming from the county's reassessment. 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. Under the new tax, residents will pay $340 for every $100,000 of assessed property value. ___________________ Plum-Oakmont Patch is on Facebook and on Twitter. Don't forget to sign up for our daily email newsletter by clicking here.
Thursday, March 7, 2013
Officials must decrease the current millage rate due to the countywide reassessment.
Oakmont Borough's real estate tax rate most likely will be decreasing. Earlier this week, borough council discussed reducing the millage rate to offset the increased property values stemming from the county's reassessment. 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. With the current millage rate of 4.5, residents pay $450 for every $100,000 of assessed property value. Officials said decreasing the tax rate to 3.4 mills, where residents would pay $340 for every $100,000 of assessed property value, would make the borough "revenue neutral." Council could approve the change as early as next Monday, March 11. Plum officials also are …
Friday, December 28, 2012
Borough officials approved a final 2013 budget.
Verona residents will not have a tax increase in 2013. During a special meeting Thursday morning, borough council approved a $1.3 million preliminary budget that keeps the tax rate steady with a 5-2 vote. Councilmembers Rhoda Gemellas-Worf and Sandy Drabicki-Bell dissented. The current millage rate is 8.0 mills, meaning a resident pays $800 for every $100,000 of assessed property value. Gemellas-Worf, Drabicki-Bell and many residents in the audience urged officials to hold off on approving the budget until Jan. 31. Earlier this month, Allegheny County Judge R. Stanton Wettick Jr. signed and issued an official court order extending the Dec. 31 deadline to Jan. 31 for taxing bodies to adopt 2013 budgets and set millage rates due to the new …
Friday, December 21, 2012
Council approved a final budget on Wednesday.
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 …
Monday, December 17, 2012
Officials are expected to vote on a budget on Wednesday, Dec. 19.
The 2013 Plum Borough preliminary budget included a sanitation fee, but officials are saying that will be removed. A special meeting to approve the final budget has been scheduled for Wednesday, Dec. 19, at 7 p.m. at the borough building. The $11.67 million preliminary budget holds the line on taxes and includes a $5-a-month increase to sanitation fees. However, Councilman Mike Dell, chair of the finance committee, said the fee has been removed and the 2012 surplus will be used to balance the budget. The fee would generate about $600,000, but Dell said that due to the recent changes in Earned Income Tax withholding, the borough received five quarters of payments versus the usual four—meaning the borough's end-of-year surplus increased. …
Thursday, December 13, 2012
The tentative 2013 budget for Verona doesn't include a tax increase, but some borough officials want a more thorough document.
Verona residents might not experience a real estate tax increase in 2013, but some officials and residents still have a problem with the preliminary budget. On Tuesday, Verona Council approved a $1.3 million preliminary budget that keeps the tax rate steady with a 4-2 vote. Councilmembers Rhoda Gemellas-Worf and Sandy Drabicki-Bell dissented. Councilman Dom Conte was absent. The current millage rate is 8.0 mills, meaning a resident pays $800 for every $100,000 of assessed property value. Borough Manager Bonnie Conway said she used the same tax revenue numbers as last year, however, those figures could change due to the county-wide reassessments. The county has yet to release certified numbers to the borough for budget purposes, meaning …
Tuesday, December 4, 2012
The county's tax rate will be 4.73 mills in 2013.
Allegheny County Council passed a 2013 budget that includes a millage rate decrease. On Tuesday, county officials approved a a $799.4 million budget, reducing the millage rate to 4.73 mills, according to the Tribune Review. The millage was reduced from 2012's rate of 5.69 mills to offset the increase property values stemming from the county's reassessment. 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. Under the new tax rate, a resident would pay $473 for every $100,000 of assessed property value. County Executive Rich Fitzgerald said in a statement that he is happy with the approved budget. "(I) am glad that we are able to move into…
Robert Brayer
2:08 pm on Friday, December 28, 2012
I agree with Ernie it certainly seems odd that we can,t recieve a itemized budget. I wonder if something is being kept from us. This is public information and I want to know where every single one of my tax dollars are being spent! By the way the Council meeting was held at 9:00 A: M: which made it very inconvient for those who work to attend.I also agree with Ms. Carpenter's statements. Bob. more ›