Slight Tax Hike Projected In 2014 Limerick Budget

Location of Limerick Township in Montgomery County

Location of Limerick Township in Montgomery County (Photo credit: Wikipedia)

LIMERICK TOWNSHIP, PA — In a close vote, the township supervisors voted at Tuesday night’s meeting to advertise a proposed budget with a small property tax increase.

The $23,734,327 budget carries a tax increase of 5.75 percent to close a funding gap of $157,720. An owner with a property assessed at the township’s average of $150,000 would see a $16 increase on their tax bill yearly.

As such, the town’s mill rate would stand at 2.004.

The dividing line on the 3-2 vote was whether to close the funding gap using reserves or with a tax increase.

Read more: http://www.pottsmerc.com/general-news/20131119/slight-tax-hike-projected-in-2014-limerick-budget

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