Souderton Borough Council approved a $5.7 million budget for 2024 that includes a 2.5 mill real estate tax increase. The millage rate change from 6.56 mills to 9.15 mills equates to a 37% increase. According to Mayor Dan Yocum, last year a home with an average assessment generated a municipal tax bill of $868 for the year. In 2024, the tax bill for the same property would be $1,200. The library tax (0.3 mills) and fire tax (0.3 mills) raise the total municipal millage rate for residents to 9.75 mills. Souderton residents will also see a 5% increase in their sewer rates and a $5 hike in their trash disposal fees. Mayor Yocum described the increase as necessary to move the borough into the 21st century, while prior budgets aimed to just get by each year.
Source: Bucks County Herald; 12/12/2023