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How much will the restoration of the mill rate increase property taxes?
Using the approximate 2011 property assessment, the restoration of the mill rate would create an increase in of 0.27 mills, or $27 for each $100,000 of assessed property value or $0.27 for each $1,000 assessed. To find out how much your property is currently assessed at, you can look at your tax forms that the Borough mails out to each property owner, look it up on the Borough property database, or contact the Borough Assessor’s office at 459-1429.