If you own property in Lower Merion Township, be prepared for a potential increase in your real estate tax bill. The Lower Merion School District recently unveiled its final preliminary budget for the 2025–2026 school year, which includes a proposed 4% property tax hike.

What the Proposed Tax Increase Means for Homeowners

The district’s current property tax millage rate is 33.91 mills, meaning homeowners pay $33.91 for every $1,000 of a property's assessed value. Under the proposed budget, that rate would rise to 35.27 mills.

For example:

• In 2024–2025, a home with a median assessed value of $250,680 had a school tax bill of approximately $8,501.

• If the 4% increase is approved, that same household would pay around $8,841 in 2025–2026.

The Lower Merion School Board is scheduled to vote on the final budget and confirm the new millage rate at its June 16, 2025 meeting.

Why Property Taxes Matter in Real Estate

For both current homeowners and prospective buyers, property taxes play a critical role in monthly housing costs and long-term affordability. A higher millage rate can affect:

• Mortgage escrow payments

• Buyer interest in certain school districts

• Overall cost of homeownership in Lower Merion

District Leadership Update

In other news, the school board welcomed Dr. Frank Ranelli to his first official meeting as Lower Merion’s new superintendent, following his appointment earlier this year. His leadership will help shape the future of the district’s policies and educational direction.

Source: Main Line Media News, May 5, 2025