Tredyffrin proposes 3.3% tax hike
Tredyffrin residents can expect a small increase in their real estate tax rate next year. According to The Suburban and Wayne Times, the township’s preliminary 2008 budget calls for a 3.3% increase in millage, from 2.11 to 2.18 mills. A mill is $1 of tax paid for each thousand dollars of a property’s assessed value. The average house in Tredyffrin is assessed at $220,000, meaning the average taxpayer will pay an extra $15 in real estate taxes.
