The Souderton Area School Board has approved the district’s 2024-2025 budget with a maximum property tax increase for the second consecutive year. The balanced $153.5 million budget includes a 5.3% property tax increase that will amount to an extra $275 per year for the average homeowner with an assessed property value of about $158,000. The 5.3% increase was the maximum allowed without special exceptions under the state’s Act 1 index.
Source: The Reporter; 7/1/2024