Residents in the Philipsburg-Osceola Area School District will pay less in school taxes next school year.
At a meeting Tuesday night, the Philipsburg-Osceola Area school board unanimously approved the 2017-18 budget that calls for the tax decrease.
Director of Finance Mike Conte said home assessment values in the district increased, allowing for the school property taxes to decrease.
According to a document from the district, Centre County millage rates for the 2017-18 school year are 51.97, compared to 52.08 for the 2016-17 school year.
That means Centre County homeowners who live in the P-O area, with a home value of $100,000 or assessment of $50,000, would pay about $2,598 in taxes next school year — a decrease of $6.
Clearfield County millage rates for the 2017-18 school year are 112.69, compared to 113.37 for the 2016-17 school year, according to the document.
Conte said Clearfield County homeowners who live in the P-O area, with a home value of $100,000 or assessment of $25,000, would pay about $2,817 in taxes next school year — a decrease of $17.
This year’s tax exclusion is $199.98 for district residents eligible for the Homestead Farmstead Exclusion tax relief program.
Next school year’s budget is $31,061,368 — a .95 percent increase from the current school year’s budget.
“It’s rather astounding it only increased by that much considering health (care) costs are up by more than 10 percent and salaries are up,” Conte said.