About Gettysburg's Gettysburg Borough

According the Gettysburg times the borough residents will receive a 1 mill tax hike for 2010. This will result in 117,000 in increased tax revenue.

Click Here for the Complete Article

The idea behind the tax increase is to cover the debt on a 3 million dollar loan that is needed to rehab the Gettysburg Borough Offices. It's estimated that this project will cost about 2 million dollars. Some motivation for doing this now instead of later is the favorable interest rates that are currently available. The other one million will go toward infrastructure of the borough.

The mileage rate will increase from 14.38 to 15.38. The current rate is already the highest in the area. This is partially due to Gettysburg College operating as a not for profit, thus not paying borough property taxes. While Gettysburg College does bring a lot of money into the area is creates some issues with the tax base. The borough footprint is relatively small to begin with so subtracting anything in terms of property taxes creates some budget issues.

For those of you who want to know how this will effect your personal taxes you'll need to find your assessed value (this is available at the courthouse, it is not the price you paid for your house) and multiply that by 0.01538. Then take your assessed value and multiply by .01438. Take the first number and subtract the second and you'll have your change in taxes. This doesn't include any changes with school tax however.

(assessed value x .01538) - (assessed value x .01438) = Change in taxes for 2010.

If you're a borough resident I'll happily provide assessed values just send an email to david.monsour@gmail.com