Yardley Borough residents will likely not have to absorb a municipal property tax hike next year.
“We don’t anticipate a tax increase for 2022,” borough Manager Paula Johnson said in presenting a first draft preliminary budget to council at its Sept. 21 meeting.
“This is very preliminary. We have some work to do but we think it’s a good start.”
If the no-increase provision holds when council approves a final 2022 budget, property tax millage in the $2 million spending plan will remain at 30. That means a resident with a property assessed at the borough average of $27,644 would continue paying $829 a year in municipal property taxes. Yardley does not have an earned income tax. Residents who own real estate in the borough also pay property taxes to the Pennsbury School District and Bucks County.
“It’s going to change quite a bit,” council President David Bria said of the draft preliminary budget. “We’re still looking at how those rescue funds can be allocated. We’re still working on a complete document that’s ready for presentation.”