500,000 is the magic number for higher taxes

When Lancaster’s population hits 500,000 and qualifies for a CLASS 2 rating from Harrisburg  many things will change.  Just for starters, the formula for Assessment of property will change which means higher real estate taxes.  The transfer tax which is now formulated from Harrisburg will change and guess what, Seller and Buyer now split 2%, but  look out my friends:   Berks County is 4%!!!

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