A PA property has an assessed value of $250,000. The county millage rate is 4.5 mills, the municipal millage rate is 2.5 mills, and the school district millage rate is 18 mills. The homeowner qualifies for a $10,000 Homestead Exclusion on the school tax. What is the total annual property tax?
Correct Answer
D) $6,070
County tax: $250,000 × 4.5 / 1,000 = $1,125. Municipal tax: $250,000 × 2.5 / 1,000 = $625. School tax: ($250,000 − $10,000) × 18 / 1,000 = $240,000 × 18 / 1,000 = $4,320. Total = $1,125 + $625 + $4,320 = $6,070.
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A PA municipality wants to increase its millage rate above the rate set in the prior year. Under Act 511 (the Local Tax Enabling Act), what constraint applies to municipal millage rate increases?
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