{"id":2282523,"date":"2024-06-24T09:17:58","date_gmt":"2024-06-24T13:17:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pennsylvania-school-district-taxes-expected-to-rise-almost-5-washington-examiner\/"},"modified":"2024-06-24T09:20:35","modified_gmt":"2024-06-24T13:20:35","slug":"pennsylvania-school-district-taxes-expected-to-rise-almost-5-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pennsylvania-school-district-taxes-expected-to-rise-almost-5-washington-examiner\/","title":{"rendered":"Pennsylvania school district taxes expected to rise almost 5% &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpennsylvania-school-district-taxes-expected-to-rise-almost-5-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2282523&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>It\u2064 seems there was an issue \u200bwith the input \u2064provided as\u2064 it includes incomplete HTML tags\u2064 and script elements, \u200dwhich doacts to expand content visibility on a webpage but does not contain any narrative or informative content to summarize. Please provide the text or content you want summarized, ensuring it is complete and informative. It appears there was a misunderstanding in the communication, but I&#8217;m\u200c here\u2062 to help! If you\u2063 provide the text or the topic you need assistance with, I can definitely provide you \u200dwith the\u200d summary or information you are looking for. \u200cJust let me know what \u2063you need help \u2063with!  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_79\">\n<p>(The Center Square) \u2014 School district property taxes are a major source of revenue for schools and a heavy burden on local residents in some places.<\/p>\n<p>In the near future, they\u2019re expected to grow even more.<\/p>\n<p>Recent years have seen them grow 2.4%-3.3% \u2014 but they\u2019re expected to grow by 4.8% and 4% in 2025 and 2026, according to an analysis from the Independent Fiscal Office.<\/p>\n<p>In fiscal year 2022-23, school district property taxes totaled $16.6 billion and are expected to rise by 3.2% to almost $17.2 billion in 2023-24.<\/p>\n<p>The increase in 2022-23 was the largest increase since 2018-2019, the IFO noted. A good chunk of that growth came from a citywide property reassessment in Philadelphia, which caused a 31% rise in assessed value of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/psaki-says-rising-housing-prices-are-actually-good-for-some-families-economic-recovery-will-produce-some-bumps\/\" title=\"Psaki Says Rising Housing Prices Are Actually Good For Some Families, Economic Recovery Will \u2018Produce Some Bumps\u2019\">single-family homes<\/a>.<\/p>\n<p>By 2024-25, statewide school district property taxes will hit $18 billion and $18.7 billion in 2025-26, the IFO projected.<\/p>\n<p>Previous IFO estimates expected the tax burden to grow, but its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-asias-borrowers-turn-homeward-local-bond-issuance-surges\/\" title=\"As Asia\u2019s borrowers turn homeward, local bond issuance surges\">latest projections show<\/a> a downward revision. In 2022, the office expected $17.5 billion to be collected in 2023-24, but the latest estimate has it at $17.2 billion.<\/p>\n<p>However, as much as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-blast-democratic-bill-that-would-allow-tripling-of-property-tax-rates\/\" title=\"Republicans criticize Democratic bill proposing triple property tax rates\">property tax collections<\/a> have gone up, their overall share of funding schools has dropped in recent years. Instead, temporary federal aid from COVID-19 grew ($3.5 billion in the last five years), as has state sources.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>Local residents can carry significant burdens thanks to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stimulus-update-new-york-homeowners-encouraged-to-apply-for-rebate-worth-up-to-1407-within-19-days\/\" title=\"New York homeowners urged to claim up to ,407 rebate in 19 days\">school property taxes<\/a>. In some instances, homeowners will pay four times as much in taxes for schools as they will for all other local and county taxes.<\/p>\n<p>Schools are also growing their unassigned money in their general fund balances. Unassigned funds grew by 61% from 2018-19 to 2022-23, jumping from $1.9 billion to $3.1 billion.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>School district property taxes, crucial for funding schools, significantly burden local residents and are projected to increase. Recently growing at 2.4%-3.3% annually, they are expected to surge by 4.8% and 4% in 2025<\/p>\n","protected":false},"author":1,"featured_media":2282524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/04\/iStock-137164122-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5836,5319,32410,10964,32076],"class_list":["post-2282523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-pennsylvania","tag-rise","tag-school-district","tag-taxes","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/04\/iStock-137164122-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2282523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2282523"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2282523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2282524"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2282523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2282523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2282523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}