No property tax increase in Frazer's proposed budget for 2024
Frazer will hold the line on real estate taxes next year.
The township’s proposed 2024 budget amounts to $1.13 million, about $148,000 less than this year , said Frazer Township Secretary and Supervisor Lori Ziencik.
The millage rate remains at 3.5 mills. The average property tax assessment for a home in Frazer is $68,600, so property owners would continue to pay $240.10 annually in property taxes.
There’s no tax increase for residents included in the proposal, nor are there any big expenditures, Ziencik said.
“We don’t have anything out of the ordinary,” she said.
About $20,000 more is budgeted for police in the proposal than for this year, Ziencik said. Public safety is the largest share of the budget at just under $650,000.
She said no major road projects are planned, only some line painting and storm sewer replacement.
The township anticipates much less in legal fees associated with the tax increment financing (TIF) plan associated with the Pittsburgh Mills shopping mall, Ziencik said. This year, the township initiated a sheriff’s sale process against the property owners. Days before the sheriff’s sale was to take place, the mall owner, Namdar Realty Group, paid the roughly $11 million owed to the TIF bondholders, therefore averting the sale.
According to the draft, the township allocated $150,000 for legal fees associated with the TIF this year; that number is only $30,000 next year.
The budget proposal is available for public inspection through Dec. 5 at Frazer’s municipal office at the Pittsburgh Mills mall near the movie theater.
Supervisors will consider passing the budget Dec. 5.