Ambler Borough Council Approves Tax Hike

Location of Ambler in Montgomery County

Location of Ambler in Montgomery County (Photo credit: Wikipedia)

AMBLER — Ambler Borough Council adopted a the new tax rate for 2013 that raises real estate taxes for residents at its Dec. 18 meeting.

The real estate tax millage rate will increase by 0.48 mils to 6.78 mills, a 7.62 percent increase. A mill is $1 in taxes for every $1,000 of assessed value.

For a home assessed at $100,000, that translates to a tax bill of $678, an extra $48 a year or $4 a month in taxes.

The borough expects to collect $1,564,643 in real estate taxes in 2013, according to borough figures, which contributes to a total projected general fund income of $4,101,743.

Read more:  http://www.timesherald.com/article/20121221/NEWS01/121229903/ambler-borough-council-approves-tax-hike#full_story