Pursuant to KRS 132.027, the City of Elkton, KY will hold a Public Hearing on Thursday, September 8, 2022 at 6:00 p.m., local time, in Elkton City Hall, 71 Public Square, Elkton, Kentucky, to hear comments from the public regarding a proposed real property tax rate of $.249 per $100 valuation and proposed personal property tax rate of $.1598 per $100 valuation. As required by law, this includes the following information:<\/p>\n
Tax Rate Per $100 Assessed Valuation – Revenue<\/p>\n
Preceding Year\u2019s Tax Rate and Revenue Generated – $ .249 (Real) -$ 175,633 and $ .1676 (Personal) – $ 16,741<\/p>\n
Tax Rate Proposed for 2022 and Expected Revenue – $ .249 (Real) – $ 191,356 and $ .1598 (Personal) – $ 18,239<\/p>\n
Compensating Tax Rate and Expected Revenue – $ .240 (Real) – $ 184,440 and $ .1540 (Personal) – $ 17,577<\/p>\n
Revenue Expected from New Real Property – $ .249 (Real) – $ 8,909<\/p>\n
Todos los ingresos que excedan los montos generados durante el a\u00f1o anterior se asignar\u00e1n a todos los departamentos operativos de la ciudad, incluidos: Polic\u00eda, Bomberos, Obras P\u00fablicas, Cultura y Recreaci\u00f3n y Administraci\u00f3n General. La Asamblea General de Kentucky ha exigido la publicaci\u00f3n de este anuncio y la informaci\u00f3n que contiene.<\/p>\n
Laura M. Brock
\nSecretario municipal\/tesorero, Elkton, KY<\/p>","protected":false},"excerpt":{"rendered":"