The North Penn School Board approved the 2024-2025 school year budget with a 4.49% tax hike — the largest in the district since the early 2000s. The average homeowner can expect to see a tax increase of about $197, according to the district. In a letter to the North Penn community, School Board President Tina Stoll said the reason for the tax increase is the same in many Pennsylvania districts — the lack of fair funding and unfunded/underfunded mandates, particularly charter school and special education funding. In a discussion about new income, district CFO Steve Skrocki told board members that his staff has compiled a list of properties they are vetting for possible real estate tax assessment appeals. So far, 18 properties have been identified on first review where the sale price exceeds the most recent assessed value by $600,000 or more and an appeal of the assessment could yield more tax revenue. “Our goal here is certainly not to pick on any one property owner. It’s really to make sure that the property is being fairly assessed. For every property that is underassessed, somebody that is fairly assessed is paying their undue share of property taxes,” he said.
Source: The Reporter; 6/12/2024