How Much Will the Borough Tax Increase Cost You?

Before we leave 2020 to be officially dissected in the history books, I wanted to follow up on one last thing – the Borough real estate tax increase. To meet 2021 fiscal responsibilities Borough Council enacted a six percent tax increase on all taxable property in the Borough – but exactly how much is a six percent increase going to cost? Here’s how to find out.

West Chester Wants Your Thoughts on a Property Tax Increase

As we’ve known for a while now, the Borough of West Chester is in a bit of a financial crisis. Last month the Borough Department heads met to make their initial 2021 budget presentations to the Borough’s Finance and Revenue committee and the general takeaway is, if nothing changes, the Borough is expecting a nearly $1.7-million-dollar deficit to its general fund next year. There are generally two ways to deal with a deficit: cut projects or raise taxes.

Zip code wars – Where are the priciest homes in the Borough?

West Chester is a lovely town. It has been recognized for its downtown, its trees, its restaurants, its walkability. It can also be expensive. Real estate prices in the Borough and surrounding areas have been rising steadily since February 2016. With median home prices for the two zip codes that split West Chester around $180/sq Continue reading Zip code wars – Where are the priciest homes in the Borough?