Property taxes go up in Muncy
MUNCY — Borough homeowners will see an increase in their property taxes in 2018 as borough council voted Thursday night to increase the millage on real estate a half mill from 4.8 to 5.3 mills.
The increase means that residents will pay $50 more for every $100,000 of their property’s assessed value.
Only four council members, Elaine McAleer, Linda Stein, Dana Bertin and Bill Burns, were present for the vote, which was unanimous.
With the increase in millage, the overall budget reflects an expected revenue of $1,055,030 with the greatest portion coming from real estate, earned income and local services taxes. This is a slight increase over last year’s budget of $1,015,405.
The greatest expenditure was for police at a total of $339,120.
In conjunction with the passage of the budget, council passed an ordinance setting the 2018 tax rate at 5.3 mills.
The next council meeting will be a biennial organization meeting at 7 p.m. Jan. 2 at Muncy Borough Hall, 14 N. Washington St. Because this also is the date of their regular monthly meeting, council will be conducting other business as needed.