Easttown Township's proposed and preliminary budget features a reduction in the overall real estate millage rate, meaning lower property taxes than in 2024. According to officials, the 2025 real estate tax rate of 5.4 mills is a 10% decrease compared to 2024, when it was 5.99 mills. If the 5.4 millage rate is approved, a property valued at $300,000 would have a $1,620 real estate tax bill. The proposed budget reflects new revenues in 2025 from the recently adopted 0.5% earned income tax. The board of supervisors will vote on a final 2025 budget on Monday, Dec. 2, at 7 p.m. at the township building.
Source: Tredyffrin-Easttown Patch; 11/15/2024