Tax Increase Set For State College Area School District Residents

Counties constituting the Happy Valley Region ...

Counties constituting the Happy Valley Region of Pennsylvania (Photo credit: Wikipedia)

 — Taxpayers in the State College Area School District will see a 1.95 percent tax increase after the district school board adopted its final general fund budget Monday.

Board members unanimously approved, with no discussion, a real estate tax increase from 38.75 mills to 39.5056 mills, with each mill representing $3.95 per $100 of assessed value.

Under the budget of $126,791,664 for the fiscal year starting July 1 and ending June 30, 2015, the median district homeowner will pay an additional $54, according to the district.

The district projects that the tax increase will add $1.56 million in revenue, while assessed value growth will provide another $1.2 million.

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