Hundreds of thousands of property owners in Bucks, Chester, Delaware, and Montgomery Counties are getting something they probably don’t want in the new year – higher real estate taxes.
Countywide increases, approved in December, affect the owners of all 382,304 real estate parcels in Chester and Delaware Counties. Some people are taking a double hit, as at least 27 towns in those counties also have increased taxes.
Bucks and Montgomery Counties kept their rates the same, but at least 28 municipalities raised real estate levies.
While the reasons vary, officials say the overarching reason is basic: Revenue is down; costs aren’t.
Read more: http://www.philly.com/philly/news/politics/suburban_pa/20130128_Property_taxes_to_rise_across_Philadelphia_suburbs.html