A homeowner in Pennsylvania has a property with an assessed value of $150,000. The county millage rate is 5 mills, the municipal millage rate is 3 mills, and the school district millage rate is 25 mills. What is the homeowner's total annual property tax?
Correct Answer
D) $4,950
Total millage = 5 + 3 + 25 = 33 mills. One mill = $1 per $1,000 of assessed value. Total tax = $150,000 × 33 ÷ 1,000 = $150,000 × 0.033 = $4,950.
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More Pa Property Tax Assessment Appeals Questions
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In Pennsylvania, the State Tax Equalization Board (STEB) serves which primary function in the property tax system?
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A farmer in Lancaster County, Pennsylvania, has 100 acres of farmland enrolled in the Clean and Green program (Act 319). The farmer decides to sell 20 acres to a residential developer. Under the Clean and Green program, what tax consequence results from this change of use?