04/10/12 - 8:48am
Congratulations to all of you who, according to the Borough Assessor, your property is now worth more money ... in some cases a lot more money! But assessed value is only part of the calculation the borough uses to decide your taxes. In June, the Borough Assembly decides how much of your money they want to spend, sets the mil rate and sends you a tax bill in July. Everyone pays property tax even renters! There is nothing you can do about property values increasing, but there is something you can do about your future tax bills.