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Three of 10 local taxing entities to raise rates

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By Shannon Brock

Three out of the county’s 10 taxing entities are raising at least a portion of their tax rates, while the remaining seven voted to leave their rates the same.
As reported earlier, the Spencer County School Board voted to raise both its real and personal property taxes from 60 cents per $100 of assessed value to 61.5 cents per $100 of assessed value. This includes .3 cents per $100 of assessed value as an exoneration fee to make up for delinquent taxes in prior years.
A person whose home is valued at $100,000 will see their property tax bill increase by $15 over last year.
The City of Taylorsville voted earlier this month to take the full 4 percent revenue increase, which raises its real property tax rate from 14.8 cents per $100 of assessed value to 15.9 cents per $100 of assessed value.
A city citizen whose home is valued at $100,000 will pay the city $159, up $11 from last year.
The Taylorsville-Spencer County Fire District voted to leave its real property tax rate at 5 cents per $100 of assessed value, the same as it was last year.
However, the personal property tax rate will increase from 5 cents per $100 of assessed value to 10 cents per $100 of assessed value.
The district also voted to enact documented watercraft, personal aircraft and inventory in transit taxes this year, each at a rate of 10 cents per $100 of assessed value.
Fire Chief Nathan Nation estimates these new taxes to bring in approximately $900.
The increase in personal property tax rates is the first since the fire district was formed in 1993, and will bring in an estimated $9,200.
“You can see most of this increase will be paid by the likes of KU, LG&E, Marathon, Salt River, Bellsouth, etc.,” Nation said. “The increase is based on off setting general operational expenses of the fire district including utilities, maintenance, and equipment upgrades.”
The remaining tax districts, whose rates are unchanged from last year, are listed below with the name of the taxing district, the real property rate per $100 of assessed value, and the personal property per $100 of assessed value:
•Spencer County Extension Service, 3.43 cents, 17.82 cents
•Spencer County Fiscal Court, 8.8 cents, 8.8 cents
•North Central Health District, 4 cents, 4 cents
•Spencer County Public Library, 4.4 cents, 11.31 cents
•Soil Conservation District, .87 cents, 0 cents
•Mount Eden Fire District, 7 cents, 7 cents
•Plum Creek Watershed, 1.2 cents, 0 cents