On Monday, Petersburg Borough Assembly unanimously approved the resolution to set the property tax rate for the coming year, raising the millage rate from 10.0 to 10.8 mills.
The new 0.8-mill increase means property owners in Service Area 1 will pay $10.80 per $1,000 of assessed property value, up from $10 last year. For a home assessed at $300,000, the annual increase would be $240.
While an increase from last year, the new rate is still lower than the tax rate from the four preceding years: 10.84 mills in 2023 and 11.5 mills in 2022, 2021, and 2020.
This year's rate increase reflects the wil...
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