Upper Makefield Township supervisors unanimously adopted the $9.1 million general fund budget for 2024 that maintains the current tax rate of 6.45 mills. A mill is equal to $1 of every $1,000 of a property’s assessed value, so a residential property assessed at $70,000 will pay about $451 in township real estate taxes in 2024. Upper Makefield also collects an earned income tax that will generate $4.75 million in revenue and the real estate transfer tax is expected to produce $700,000 in revenue.
Source: Bucks County Herald; 11/30/2023