The township has also seen additional revenues coming from increases on permits, licensing, fees and other township services. This week’s vote to advertise the increased millage rate could still be amended before the mid-December final vote on the 2022 budget.Īlthough the township hasn’t increased the millage rate in a decade, property tax revenues have continued to increase due to the overall assessed property in Lower Merion.Īccording to Traub, Lower Merion’s total assessment of all property in the township has steadily increased over the past decade.

It would still leave the township with a 23 percent fund balance.Īlthough the board voted for the increase, this is still not the final vote. Under the township staff’s proposed budget, a $6.5 million budget gap would be filled using its fund balance. If you look back, it’s actually been the longest consecutive period without an increase going back to World War II in Lower Merion Township.” “We are able to propose a budget without a real estate tax ,” said Eric Traub, township’s director of finance. The Board’s decision to add the tax increase was the opposite of what the staff recommended at the Lower Merion Finance Committee meeting on Nov.

Lower merion township tax bill online