Chadds Ford Township supervisors approved the 2025 budget with no increase in township property taxes. There was a change in the former Business Privilege Tax, however, and the budget had to be readvertised because of that change. The name Business Privilege Tax (BPT) is gone and is replaced by a Business Registration License (BRL). Additionally, the BPT had been $100 per year, but the BRL is $225 per year. Township treasurer Laura Lim said the entire $225 from businesses — anticipated to total $124,000 — will go to the Concordville Fire and Protection Association for fire and EMS services. The new registration fee applies to all businesses with gross earnings of $15,000 or more. A business that fails to register will be subject to a fine of 10% of the annual fee. Supervisors agreed to increase the township’s contribution to the fire company, which is no longer volunteer, but a paid fire department. The township property tax millage rate remains the same as in 2024. Those rates are 0.6247 mills in areas with fire hydrants, and 0.5577 mills without hydrants. Other taxes include 0.072 mills for Rachel Kohl Library and 0.16 mills for open space. Read more at Chadds Ford Live.
Source: Chadds Ford Live; 12/19/2024