Green Tree officials approve millage
Millage in Green Tree is going down in 2013. Tax collections will be going up.
Borough council approved a real estate tax rate of 3.61 mills at its meeting Monday night.
The rate represents a 17 percent decrease from the 2012 figure of 4.35 mills, manager Dave Montz said. Whether residents' tax bills go up or down depends on the new value of their property under the 2012 Allegheny County reassessment.
The new tax rate includes a “windfall” provision of 4.34 percent, meaning the borough anticipates collecting 4.34 percent more in real estate taxes than it did last year in order to balance the budget.
Officials also are attempting to set up an escrow fund to pay back property owners who win reassessment appeals. A hearing on that front is scheduled next week in Common Pleas Court, Montz said. The borough took a similar step after the 2000 county reassessment and refunded about $600,000.
Tax bills will be mailed April 1.
Doug Gulasy is a staff writer for Trib Total Media. He can be reached at 412-380-8527 or email@example.com.