Homeowners in Lansdale should brace themselves for a property tax hike. Borough officials are trying to close a 590,000 revenue shortage in the general fund budget for next year and administrators have proposed a one mil increase to fill the gap. It will translate into a 22 percent jump in the tax rate. Council Member Jason Van Dame Chairs the Borough Administration and Finance Committee.
“Currently the average homeowner in the Borough at 4 ½ mils is paying 500 dollars a year in property taxes, so a one mil increase will make that about a 100 dollar increase.”
Borough Council is expected to advertise the proposed budget for adoption at its business meeting on November 15th.