Warminster Township supervisors voted 4-1 to reopen the 2018 budget and are considering a Warminster Property Taxes increase. Pennsylvania’s Second-Class Township Code allows the supervisors to reopen the budget with a proposed tax increase in the month of January following a municipal election, and the law gives the supervisors until Feb. 15 to act. The supervisors are considering adding a 3.61-mill property tax increase.
Warminster Property Taxes Meeting Scheduled
A mill is a tax of $1 for every $1,000 of a property’s assessed value. The current tax rate is 17.07 mills, so the owner of a home assessed at the township average of $25,490 receives a $435 township property tax bill. If the property tax increase to 20.68 mills is approved, the township property tax bill for the same home will increase to $527. Supervisor Chairman Mark McKee pointed to a $20 million unfunded liability to its pension funds as one of several economic issues threatening the township’s financial health.
Supervisor Brian Munroe opposed reopening the budget because he preferred to have the board look at other options to fund the township before considering a tax increase. Several speakers at the meeting criticized the supervisors’ decision to borrow $7 million to cover the costs of buying and remediating the 55-acre Shenandoah Woods property at the former Naval Air Warfare Center. The board has a regular meeting scheduled for Thursday, Feb. 15.
Visit warminstertownship.org for meeting information.