“The court, in the past, has been very good stewards of the money, and I think we’re in a situation that we can leave that tax rate as it is,” Alexander said when the fiscal court met Monday evening. “They’ve been diligent in the past in when, how and what they spent the money on.”
Magistrates heard a first reading of the proposed property and health tax rates as recommended by the Kentucky Department of Local Government at that meeting. While the DLG recommended the compensating rate for both tax rates, Alexander recommended that the rates stay the same.
Currently, the county’s real estate tax rate is 8 cents per $100 of assessed value, the personal property rate is 11.43 cents per $100 of assessed value and the motor vehicle and watercraft rates are at 9.6 cents per $100 of assessed property value.
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