The record continues in Hilltown Township.
According to the Bucks County Herald, the Hilltown Board of Supervisors gave preliminary approval to a 2025 budget with no tax increase for the 14th consecutive year.
The millage rate for 2025 will be 8.75 mills, per the report.
Real estate property taxes are based on two things: the assessed value of the property, which is set by the County, and the millage rate. Each of the three taxing authorities — County, Township, and School — can set their own millage rates.
The amount of assessment determines the amount of real estate taxes you are going to pay. Millage rate is the percentage used to calculate property taxes.
The millage rate is the amount per $1,000 used to calculate taxes on property. To find your face value of taxes, multiply your assessment by the millage rate and divide by 1,000. For example, if your Hilltown property is assessed at $200,000, then you will have a municipal real estate tax bill of $1,750 for 2025.
Other tax rates will remain the same, including the earned income tax at 0.5%.
