Tax Information
Tax revenues provide funding for police protection, street
repair and maintenance, recreation services, park maintenance, and capital
improvement projects.
Homestead Exemption
Effective for 2020, Exeter Township has instituted a Homestead Exemption. Homestead exemptions reduce the tax burden on property owners by excluding a fixed dollar amount of the assessed value of a property. Owner-occupied properties used by their owner as a primary residence may qualify. Applications must be received by the Berks County Homestead Office by March 1st, 2019. Get your application here
Blank 2018 Act1 document.pdf
Real Estate Tax
The Board of Supervisors approves the real estate millage
rate for the Township as part of the annual budget approval process.
2019 MILLAGE RATE BREAKDOWN
Township General Fund
|
2.145 mills
|
Township Debt Service
|
0.720 mills
|
Township Fire Services
|
0.605 mills
|
TOTAL MILLAGE RATE
|
3.470
mills
|
* Property taxes
are expressed in terms of mills per dollar of assessed value. One mill is equal
to one-tenth (1/10) of a penny or 1/1000 of a dollar. The property tax formula
is the mill rate (divided by 1,000) multiplied by the assessed value of the
property. For example, with a millage rate of 3.470 mills and a $100,000
assessed value of a home, the tax rate would be:
.003470 x
$100,000 = $347
Charles I. Diamond is
the Township’s elected Tax Collector and is responsible for collecting Real
Estate Taxes and Per Capita Taxes. Office hours vary and can be found on the
tax bills.
Contact info:
10
Fairlane Road
PO Box 4216
Reading,
PA 19606
(610)
779-8055
The County and Township real estate taxes are combined on
one bill, which is mailed in March of each year. The taxing year for both
entities is January 1 through December 31. Berks County’s 2019 tax rate is
7.657 mills.
Exeter Township School District taxes are mailed in July of
each year via a separate bill.
Per Capita Tax
A per capita tax is a flat rate tax equally levied on all
adult residents with a taxing district. It is not dependent upon employment.
Each adult resident pays $15 annually, with $10 sent to the School District and
$5 sent to the Township. Per capita tax is collected by the Exeter Township Tax
Collector, Charles I. Diamond.
Local Services Tax
A local services tax is paid by everyone working in the
Township. Each working adult pays $52 annually, with $42 sent to the School
District and $10 sent to the Township. Local services tax is collected by Berks
EIT usually via a payroll deduction which your employer handles.
Earned Income Tax
An earned income tax of 1% is levied on all wages earned by
working Township residents. Earned income tax is collected by Berks EIT usually
through a payroll deduction which your employer handles.
Business Privilege Tax
Business privilege tax is an assessment on each business
operating with the Township. Business
privilege is calculated by multiplying the tax rate by gross revenues of
business operations. Rates are as follows:
·
Retail, Services, or Rentals - 1.5 mills
·
Wholesale – 1 mill
This tax is shared equally with the Exeter Township School
District. The School District utilizes Berks EIT for Business Privilege Tax
collection. Tri-State Financial collects business privilege tax for the
Township.
Applications and tax returns can be found at tfgtax.com.
Contact info:
Tri-State Financial
PO Box 38
Bridgeport, PA 19405
(610) 270-9520