Thursday, November 08, 2012

P-G: Property tax rate expected to drop in Mt. Lebanon

Mt. Lebanon property owners could pay less in real estate taxes next year if the recommended $29.6 million municipal operating budget is approved this winter.

Manager Stephen Feller said the municipality expects the tax rate will decrease from its current 5.43 mills to between 4.4 and 4.89 mills because of Allegheny County reassessments and state anti-windfall rules, which require governing bodies to lower millage rates to reflect higher overall property values.

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Anonymous Richard Gideon said...

I wouldn't celebrate just yet; a lot of people are going to pay higher real estate taxes next year, despite the drop in millage, due to substantial increases in their assessments.

November 09, 2012 2:31 PM  

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