Second decrease in as many years
In more positive news for Kentuckians, Gov. Beshear shared that the state real property tax rate has decreased, dropping from 11.9 cents to 11.5 cents per $100 assessed value. The Kentucky Department of Revenue is required by statute to set the real property tax rate each year by July 1. This is the second annual…….
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Second decrease in as A few years
In further constructive information for Kentuckians, Gov. Beshear shared that the state exact property tax price has decreased, dropping from 11.9 cents to 11.5 cents per $100 assessed worth. The Kentucky Division of Income is required by statute to set The exact property tax price Yearly by July 1. That is the second annual decrease Inside the exact property tax price – The one two years The velocity has decreased since 2008.
The Governor said, “I would like Kentuckians to know, we’re watching and All of us know the property you personal has gone up in worth. That’s why we’ve reduce the state property tax price for exact property To purpose To assist out. To Guarantee your invoice isn’t going up significantly and hopefully, For A lot of of you, It is Truly Taking place.”
The drop in the state price Can furtherly assist mitigate An enhance by completely different native taxing districts.