Real Estate Taxes
In 2011, the Canon-McMillan School Board set the property taxes rate at 105.4100 mills for the 2011-12 school year. A mill is $1 of tax for every $1,000 of a property's assessed value. Property taxes, in the Commonwealth of Pennsylvania, apply only to real estate - land and buildings. The property tax is not levied on cars, business inventory, or other personal property. Certain types of property are exempt from property taxes including: places of worship, places of burial, private social clubs, charitable and educational institutions and government property. Irregular property reassessments have become a serious issue in the commonwealth as it creates a significant disparity in taxation within a community and across a region. Additionally, service related, disabled US military veterans may seek an exemption from paying property taxes. Pennsylvania school district revenues are dominated by two main sources: 1) Property tax collections, which account for the vast majority (between 75-85%) of local revenues; and 2) Act 511 tax collections, which are around 15% of revenues for school districts.
- 2010-11 - 105.4100 mills
- 2009-10 - 101.8500 mills
- 2008-09 - 97.0000 mills
- 2007-08 - 94.5000 mills
Read more about this topic: Canon-Mc Millan School District
Famous quotes containing the words real, estate and/or taxes:
“We have yet to deal successfully with American transraciality in real terms, as we have failed to redefine race in light of the modern, twenty-first century progress of human kind.”
—Virginia Hamilton (b. 1936)
“Never let the estate decrease in your hands. It is only by such resolutions as that that English noblemen and English gentlemen can preserve their country. I cannot bear to see property changing hands.”
—Anthony Trollope (1815–1882)
“As I went about with my father when he collected taxes, I knew that when taxes were laid some one had to work to earn the money to pay them.”
—Calvin Coolidge (1872–1933)