At a time when inflation is running rampant, Wrightstown property taxpayers can perhaps take a bit of solace in this: At least the municipal real estate tax will not be increasing in 2023.
On Monday Dec. 12, the Wrightstown Board of Supervisors approved a township budget for 2023 and related local property tax of 9.23 mils. The millage is the same as in 2022, marking the sixth year without a rate rise, officials said.
The budget was developed by new Township Manager Stacey Mulholland, appointed earlier this year, and staffers along with ample input and guidance from the elected three-person board of supervisors that locally governs Wrightstown.
A mil is equal to $1 of every $1,000 of a property’s assessed value.
To calculate the municipal tax on a Wrightstown property under the proposed millage rate, multiply the assessed value of the property by 9.23 and then divide by 1,000.
For instance, a Wrightstown property assessed at $60,000 will have a township real estate tax bill of about $554 under the potential 2023 rate.
County and school district taxes comprise bigger portions of one’s property tax payout. The township does not control those taxes.
Like other municipalities, Wrightstown collects an earned income tax (EIT). The township’s 1% EIT is split with the Council Rock School District. Wrightstown also collects an additional 0.15% EIT tax that goes to the township to help fund open space preservation.
Expenditures in the general fund portion of Wrightstown’s 2023 budget are $2,233,218, down from about $2.31 million this year. The general fund portion of the budget pays for essential township services like police, administration, public works, code enforcement and more.
The overall budget of about $6.1 million, which includes all funds, is about 3.5% less than the current year. The reduction is occurring despite Wrightstown anticipating $112,326 in new expenses.
“Part of the reduction is due to changes in personnel, use of ARP funds and fine-tuning of some budget items,” Supervisor Chairman Chester Pogonowski has said.
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