Bucks County released its preliminary operating budget for 2025 that maintains the current tax rate. The $498.7 million budget includes a 2.4% increase in expenditures; however, revenues are projected to increase at the same rate. The current county property tax rate is 27.45 mills. The average residential property in Bucks County has a tax-assessed value of about $33,930, and a mill is $1 for every $1,000 of assessed value, making the average tax bill about $931. In coming weeks, the commissioners will analyze the proposed 2025 budget and hold a hearing where members of the public can ask questions and offer comments. The commissioners are scheduled to consider and vote on Wednesday, Dec. 18, on a final 2025 budget.
Source: Bucks County & Bucks County Courier Times; 11/27/2024