NOTICE OF PUBLIC HEARING
Pursuant to KRS 132.027, the City of Elkton, KY will hold a Public Hearing on Thursday, September 7 at 5:00 p.m., local time, in the Conference Room at 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 $.1597 per $100 valuation. As required by law, this includes the following information:
Tax Rate Per $100 Revenue
Assessed Valuation
Preceding Year’s Tax Rate $ .249 (Real) $ 150,347
and Revenue Generated $ .201 (Personal) $ 23,851
Tax Rate Proposed for 2017 $ .249 (Real) $ 152,727
and Expected Revenue $ .1597 (Personal) $ 24,232
Compensating Tax Rate and $ .247 (Real) $ 151,501
Expected Revenue $ .1584 (Personal) $ 24,035
Revenue Expected from $ .249 (Real) $ 945.58
New Real Property
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, 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