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Committee keeps real-estate tax installment schedule and 7.5% penalty for now; members ask for study of rate change
Summary
The finance committee reviewed the district’s six-installment real-estate tax schedule and voted to keep the current 7.5% penalty rate. Board members asked staff to study a potential phased increase to 10% and to plan earlier community outreach if the penalty is raised next year.
The North Penn School District Finance Committee reviewed the district’s real-estate tax installment schedule and penalty amounts and voted to leave the current schedule and 7.5% penalty unchanged while requesting more analysis for future changes.
Mr. Linderman explained the district’s installment calendar (six installments over the year) and recommended keeping the…
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