The assessed property valuation has declined in the borough of Kane.
This is another economic blow to the community because taxes are based on assessed property valuation.
The Kane Borough Council is scheduled to meet Thursday at 4:30 p.m. at the borough building to adopt a tax rate for 2014.Â
The rate is expected to be 9.375 mills-- the same as this year. However, the same rate is not expected to generate as much tax revenue because of the decline in the assessed property valuation in Kane.