The Township also receives revenue through interest on investments and fees collected for services.
Earned Income Tax
Residents and non-residents employed in the Township are taxed at 1% of their earned income. Half supports the Township and the other 50% supports the School District. The EIT provides 27% of the Township’s revenue.
The Township receives $ 250.00 from all residents who are employed and earn over $ 10,000. This tax provides 14% of the Township’s revenue. The School District’s Occupation Tax is $ 250.00.
Real Estate Tax
The Township’s Real Estate Tax is 1.4466 mills. This tax generates 13% of the Township’s revenue.
Real Estate Tax Structure
8% of the Township’s total revenue is received through the Amusement Tax. Hersheypark makes up the largest portion of the revenue. The Township and Hershey Entertainment and Resorts entered an agreement in 1998 to insure that the Township receives a minimum of 37.5 cents per paid admission to all events and attractions. The agreement was amended in 2012 and the rate was increased to 42.5 cents per paid admission. This tax is divided between the Township and the School District.
Parking Lot Tax
The Township receives 10% of revenues generated through parking fees, totaling 4% of the Township’s revenue.
Real Estate Transfer Tax
Property owners are taxed 0.5% of the purchase price when their property is sold. The Real Estate Transfer Tax provides 4% of the Township’s revenue.
These are funds distributed by PENNDOT from the Commonwealth’s vehicle fuel tax. The amount received is based on the number of miles of roadway in the Township and the population.