City of Elkton Notice of Public Hearing October 8 2020


Pursuant to KRS 132.027, the City of Elkton, KY will hold a Public Hearing on Thursday, October 8, 2020 at 5:45 p.m., local time, in the Historic 1835 Courthouse Welcome Center, 1 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 $.1682 per $100 valuation. As required by law, this includes the following information:

Tax Rate Per $100
Assessed Valuation
Preceding Year’s Tax Rate
and Revenue Generated
$ .249 (Real)
$ .1497 (Personal)
$ 161,248
$ 15,368
Tax Rate Proposed for 2020
and Expected Revenue
$ .249 (Real)
$ .1682 (Personal)
$ 169,622
$ 16,164
Compensating Tax Rate and
Expected Revenue
$ .241 (Real)
$ .1628 (Personal)
$ 164,172
$ 15,645
Revenue Expected from
New Real Property
$ .249 (Real) $ 2,468

All revenues in excess of the amounts generated over the previous year will be allocated to all City operating departments, including: Police, Fire, Public Works, Culture and Recreation, and General Administration. The Kentucky General Assembly has required publication of this advertisement and the information contained herein.

Laura M. Brock
City Clerk/Treasurer, Elkton, KY