Trappe Borough Council will consider adopting a new real estate tax ordinance during their scheduled public meeting on December 27, which would increase the tax rate to .47 mills.
The millage of .47 is the same percentage that was in place in 1998, which was one year after Montco underwent a county-wide reassessment. The previous municipal real estate tax was eliminated by borough council in 2005.
According to Borough Solicitor Dave Onorato, the gross revenue to the borough is roughly $100,000, minus a $5,000 fee to collect the proposed tax. Onorato added that he ran a computation on his home in Regency Knoll, and the increased tax amounted to roughly $125.
As previously reported on the Perkiomen Valley Patch, the increased revenue will be used to fund various projects throughout the borough.
Trappe to Impose Real Estate Tax