The Council Rock School District is raising property taxes to the state Act 1 maximum for the third straight year.
A 2018-19 final budget of $240.68 million approved by the school board at Thursday’s meeting hikes taxes 2.4 percent. The board could have applied to the state for exceptions to raise taxes more than that but chose not to.
The 2.4-percent increase equates to 2.897 mills, or $112 for a landowner with a property assessed at the school district average of $38,800. It increases total millage to 123.607, or an annual tax bill of $4,796 for the owner of the average assessed property.
Many district residents also pay a 1-percent earned income tax, which is split between the school district and its five municipalities of Northampton, Newtown Township, Newtown Borough, Upper Makefield and Wrightstown.
Property taxes were raised 2.5 percent for this school year which ends June 30, and 2.4 percent in 2016-17.
The district also is drawing $4 million from its $24 million savings account to balance the budget.
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In 2018, for the first time in several years, Newtown Twp raised taxes by 1 mill - about $38 per year for average homeowner. Learn where your tax dollars go here.