Petersburg Pilot -

Assessor certifies 2018 Tax Roll

This story corrected on May 14 to state the millage rate is based on the borough’s budget proposal, and is yet to be approved by the assembly.

 


Michael Renfro, the contract assessor for the Petersburg Borough certified the 2018 Real Property Tax Roll for the Borough.

Land was assessed at $143,503,178. Improvements were valued at $232,541,400 for a total assessed value of $376,044,578.

The valuation was reduced by allowed exemptions, such as the senior home, veteran and nonprofit exemptions of $53,263,995.

Total taxable assessed value was set at $322,780,583. Taxpayers will pay 11.38 mills on properties in Service Area 1 based upon the proposed budget presented for approval to the Borough Assembly. That is a decrease from the 11.6 mills charged in the previous fiscal year. The millage rate is the amount per $1,000 used to calculate taxes on borough property.

 

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