Hearing on tax rates and budget is Monday
Published 1:30 pm Thursday, April 14, 2016
BUCKINGHAM — County supervisors in Buckingham will gather public comment on a proposed 5-cent increase in the county’s real estate tax rate for fiscal year 2016-17 on Monday night.
The public hearing on the proposed $46.5 million budget and tax rates will be held at 7:30 p.m. in the County Administration Complex.
The proposed $46.5 million budget, if approved, would bring the county’s tax rate to 55 cents per $100 of assessed value from the current 50 cents. The budget also proposes increasing the public service corporation tax on real estate by the same amount, from 50 cents to 55 cents per $100 of assessed value. The budget also assumes implementing the public service corporation tax on personal property, such as vehicles, at $4.05 per $100 of assessed value — the same as the personal property tax rate.
According to the proposed budget, all other taxes would remain the same.