The total tax levy to be collected is the sum of the local budget and the budgets of the Local School Board, County, Library, and Open space programs. This figure is divided by the total assessments in the Borough to produce the tax rate. That tax rate is then applied to individual assessments. The first half of your tax bill is estimated, and equal to one half of the total prior year taxes. It is estimated because the rate cannot be computed until all budgets have been approved; that occurs in June. The second half tax bill is computed by applying the new tax rate to the current year assessment, then deducting the amount billed in the first half.