Real Estate Taxes
In 2012-13, the Mount Carmel Area School Board set the property taxes rate at 40.4700 mills for Northumberland County residents and 19.2100 for Columbia County. 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. School districts located in more than one county are required to apportion the tax levy based on the market value in each county as determined by the State Tax Equalization Board pursuant to section 672.1 of the School Code. As a result, the tax rate increases are not the same for each county in a multi-county school district.
- 2011-12 40.4700 mills for Northumberland County and 19.2100 for Columbia County.
- 2010-11 - Northumberland County 40.4700 mills and Columbia County 19.0400 mills.
- 2009-10 - Northumberland County 40.2670 mills and Columbia County 21.4174 mills
- 2008-09 - Northumberland County 38.2600 mills and Columbia County 31.6600 mills
- 2007-08 - Northumberland County 30.2600 mills and Columbia County 18.6000 mills
Read more about this topic: Mount Carmel Area School District
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