House Committee Passes Property Tax Increase

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(Host) The House Ways and Means Committee has voted to raise the statewide property tax by 28 cents. That would pay for changes to the Act 60 education funding law.

The total statewide property tax would be $1.38 per $100 of assessed property value. That would help to fund a higher per-pupil block grant, which is the amount of aid the state gives to individual towns for their schools. The proposal also would largely do away with the sharing pool into which property-wealthy towns must pay a portion of their local education property taxes.

The bill still must be considered by the Appropriations Committee before the full House considers it.

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