The Nether Providence Township Board of Commissioners is considering the implementation of a 1% earned income tax (EIT) on residents and those who work in the township.
At a December meeting commissioners were presented with the projection that such a tax would raise between $3.3 and $3.5 million with as many as 5,000 residents being subject to the tax.
If approved by voter referendum Wallingford Swarthmore School District could be the beneficiary of half of the EIT. The EIT will not offset any existing municipal taxes.
Already among Delaware County municipalities with the highest tax and fee structure such a tax would push Nether Providence into what would likely be the community with the highest municipal tax and fee burden in the county. Combined with the school tax, Nether Providence Township tax, Delaware County tax, sewer fee, recycling fee, private trash hauling fees, homeowner’s insurance, and per capita tax the imposition of an EIT would push the monthly “fixed costs” of owing an average home in Nether Providence Township into the $1,000 plus/month range – that is before a homeowner’s mortgage payment is considered.
We have long survived on the reputation of the Wallingford Swarthmore School District to support our real estate values, but there is a tipping point for potential home buyers and we currently at the point where buyers are striking Wallingford from their prospective target areas due to taxes and fees. An additional tax will deter buyers and exert further downward pressure on area home values.
Wallingford PA Real Estate – Wallingford, PA 19086
