The streak has now stretched to 13.
The Hilltown Board of Supervisors has granted final approval to a 2024 municipal budget that keeps the local property tax rate the same for the 13th year in a row.
The three-person board, which locally governs Hilltown, approved the 2024 budget following Monday’s public hearing.
In 2024, the municipal tax rate in Hilltown will remain 8.75 mills.
A mill is equal to $1 of every $1,000 of a property’s assessed value.
To calculate the municipal tax on a Hilltown property under the millage rate, multiply the assessed value of the property by 8.75 and then divide by 1,000.
For instance, a Hilltown property assessed at $60,000 will have a township real estate tax bill of $525 under the 2024 rate.
County and school district taxes comprise bigger portions of one’s property tax payout. The township does not control those taxes.
Like other municipalities, Hilltown also collects an earned income tax (EIT). The township’s percentage take of the EIT, as detailed in the 2024 spending plan, will remain 0.5% in 2024.
The general fund portion of the 2024 budget is about $7.89 million. The general fund draws on tax dollars and other revenue sources to support essential services like police protection, public works, township administration and more.
Township Manager Lorraine Leslie spearheads the creation of the annual budget, which fuels municipal operations. She noted that Hilltown has its eye on a few key expenditures for next year, including replacing older trucks and police vehicles.