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Property taxes may go up in Pennsylvania - abc27 WHTM

Property taxes may go up in Pennsylvania

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HERSHEY, Pa. (WHTM) -

State lawmakers raised the limit on property taxes that school districts can require residents to pay.

Legislators approved capping the index at 2.1 percent, which sets a limit on the amount districts can raise mileage rates for the 2014-15 school year. 

Derry Township property taxes have not gone up in three out of the last five years, and officials have not raised taxes to the index level in the last eight years. Officials say that has saved tax payers more than $8 million during that time frame.

There are more than 500 school districts in Pennsylvania, and many are feeling the financial pinch and may have to apply for and exception to the cap, to raise more revenue.

 

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