Borough of Collegeville

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Taxes

Summary

Besides state and federal taxes, residents of Collegeville pay the following taxes:

Real Estate Tax	4.0 mils - Collegeville Borough 2.84 mils - Montgomery County 27.35 mils - Perkiomen Valley School District (PVSD)
Earned Income Tax	1% of Earned Income - .5% to Collegeville, .5% to PVSD
Occupational Assessment Tax (OAT)	$90-$720 per working adult - to PVSD
Real Estate Transfer Tax	2% of the sale amount; 1% paid by buyer, 1% paid by seller Of the 2%, .5% to Collegeville; .5% to PVSD; 1% to Pennsylvania
Per Capita Taxes	Act 511 - $10 per adult - to PVSD Section 679 - $5 per adult - to PVSD
Emergency & Municipal Services Tax (EMS)	$52 per year - all individuals working in Collegeville Borough

Additional Information

Real Estate Taxes to Collegeville Borough, current rate is 3.5 mils
Proceeds from this tax on property owners becomes part of the general fund of the Borough. To compute this tax, the assessment is multiplied by the millage rate, then divided by 1000. For example, a house assessed at $182,580 (a sample Collegeville Crossing assessment) would pay $639.03. Proceeds from this tax to the Borough are about $880,000 per year.

By law, all properties in Montgomery County are reassessed at the same time. The last such reassessment was in 1998. The assessment is based on the fair market value of the property at the date of the assessment. Each year, the county releases a factor which can be applied to the assessment to compute the current fair market value. If you believe this valuation is too high, an appeal can be made to the Montgomery County Board of Assessment Appeals in Norristown - phone number 610-278-3761.

Questions on all real estate taxes, including those remitted to Montgomery County and the Perkiomen Valley School District, can be directed to the Collegeville Borough Tax Collector, Kelly Taylor, at 610-717-6500. Ms. Taylor also collects the OAT and PVSD per capita taxes.

Earned Income Taxes
These taxes are generally collected where an individual works, and then remitted to Collegeville. If the rate where one works is higher than the Collegeville rate, the difference will be collected and remitted to the municipality of employment. Questions concerning earned income taxes should generally be directed to the employer.

Collegeville collected $870,000 in earned income taxes in 2004. The amount collected will vary from year to year in accordance with the wages of Collegeville residents.