Thursday, November 03, 2011

P-G: Mt. Lebanon budget plan has tax hike

Mt. Lebanon property owners could see a 0.245-mill increase in the real estate tax rate next year if the recommended $42.3 million municipal budget is approved and property reassessments are finalized, municipal manager Stephen Feller said.

A 0.245-mill increase in real estate tax would mean an increase of $24.50 per year in the tax bill for a home valued at $100,000. For a $200,000 home, the increase would be $49 per year.

In recent years, Mt. Lebanon's millage rate has been reduced from 4.97 in 2008 to 4.76 this year. In 2010, it was 4.89.

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