According to the US Census estimates, the median value of owner occupied houses in Northumberland County between 2019 and 2024 was $333,000 and the owner-occupied rate was nearly 90%.[1]
Let’s take a look at what the County Real Estate tax increases have meant to homeowners, using ‘median owner occupied value’ as the guide.
It’s bad enough that in less than ten years, the homeowner’s taxes have already increased by nearly $600 from $1865 to $2464. But consider how much worse it will be next year when new assessments kick in! If property assessments jump by 44%, the same $333,100 home will be assessed at $479,664. Without an equitable adjustment to the tax rate, the tax bill on that same house will jump from $2464 to $3549 – over a $1,000 increase in ONE YEAR. Could you afford it? Should you HAVE TO afford it? You don’t have to own a home to feel the effect of these tax increases. If you rent your home, do you think the landlord will simply absorb the increase, or do you think your rent will increase to cover the taxes?
During the same time period, the total County budget has increased from $33.4 Million to $46.1 Million – a $12+ million dollar increase. We can not tax our way out of overspending and no one sounded the alarm on the effect of overspending. We need centralized financial expertise that will manage our tax dollars, not just spend them. Contact your Supervisors and demand budget and spending accountability – demand a County Finance Manager NOW!