No tax increase in Palmerton
Palmerton is one step closer to adopting next year's budget with no property tax increase.
On a 6-0 vote, borough council on Thursday agreed to advertise for adoption the 2014 budget. Councilman Jeremy Barbosa was absent.
Borough Manager Rodger Danielson said the budget is expected to receive final adoption when council meets at 7 p.m. Thursday, Dec. 5.
Last month, council granted tentative adoption to the 2014 budget with no tax increase, which would leave the millage rate unchanged at 8.27 mills.
That would mean the owner of a home with a market value of $100,000, which would be assessed at $50,000, would again pay $413.50 to the borough next year.
The last time residents saw a tax increase was in 2009, when council approved a 1.5-mill, or 19-percent, hike that raised the millage rate from 7.77 to 9.27 mills. That meant the owner of a $100,000 home, which was assessed at $50,000, paid $464, up $75 from the $389 they paid in 2008. Also, as part of that budget, residents saw a 10-percent increase in their water rates as well, which resulted in a $1 more a month for a single person, and about $3.50 for a family of four.
In 2010, residents actually saw a 1-mill reduction in their property tax rates, which lessened the millage rate from 9.27 to 8.27 mills. That meant the owner of a home with a market value of $100,000, which was assessed at $50,000, paid $413.50 in property taxes that year, down $50.50 from the $464 they paid in 2009. That budget did, however, call for a $10 increase in the monthly sewer rates.