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Property tax rate dropping to 5.3 mills in Leet Township

Wednesday, April 17, 2013, 12:01 a.m.
 

Leet Township property tax bills should arrive this week with a new, lower millage.

On Monday, commissioners approved lowering the township's property tax rate from 7 mills to 5.3 mills.

Last month, some residents said their property 2013 tax bills increased $300 to $900 annually.

But the assessed value of property in Leet increased about 39 percent — from $92 million in 2012 to about $128 million in 2013, according to Allegheny County data — so the rate must be lower to keep bills about the same.

Under state law, officials must reduce millages so not to reap a “windfall” of extra tax money after a reassessment.

Leaders in municipalities around Allegheny County have cut their tax rates for that reason.

Taxing bodies are permitted to collect 5 percent more in revenue compared to the prior year during a reassessment year; to collect more than that requires a judge's approval.

Leet Commissioners initially had considered a 5.5-mill tax.

Bobby Cherry is a staff writer for Trib Total Media. He can be reached at 412-324-1408 or rcherry@tribweb.com.

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