Plum Homeowners Facing Huge Tax Increase

PLUM, PA — Borough homeowners haven't been hit by a property tax hike since 2017, but they are facing one now - and it's a doozy.

Council is considering a 38.7 percent increase in real estate taxes under the borough's proposed $25.1 million budget for 2024. Under the spending plan, millage would jump from 4.78 mills to 6.63 mills.

How much of a hit will that be to the wallet? Borough finance director Michael Whitco told WTAE-TV that property owners will have to pay an extra $185 for every $100,000 of assessed valuation. For a home with Plum's median assessed value of $116,700, the tax increase would be $216.

Borough officials have said the tax hike is necessary to avoid significant cuts to services.

Council is expected to adopt the budget and increase the property tax rate at its Dec. 13 meeting.