Property taxes will stay steady in Towamencin next year. The township supervisors Wednesday night adopted a budget for 2012 that totals just over $16,000,000 but does not ask homeowners to dig any deeper into their pockets. Sewer rates and pool membership fees will go unchanged as well. The budget also continues a homestead exemption that allows qualified homeowners to shield $59,000 of the assessed value of their property from taxation. The non-uniformed employees of the township will be going without a pay increase again next year.
The Upper Gwynedd Commissioners have approved a budget for next year that does not include a property tax increase. Township officials kept a lid on expenses by deferring some capital projects but there won't be any layoffs or cuts in municipal services. Property taxes have remained stable in Upper Gwynedd since 2001 when the millage rate was actually cut by 33%. The budget also includes a homestead exemption that allows qualified homeowners to shield $30,000 of the assessed value of their property from taxation.