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Fiscal Court sets property tax rate

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By John Shindlebower

With little discussion, the Spencer County Fiscal Court Monday night voted to take the compensating tax rate for the upcoming year, meaning the property tax rate for the county will actually decrease slightly.
The Kentucky Department for Local Government calculates the rates and counties can then opt to go with the compensating rate, which basically is formulated to generate the same amount of revenue from existing property as the previous year, or raise rates by up to 4 percent.


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The Spencer Magnet | circulation@spencermagnet.com | 502-477-2239
P.O. Box 219, 100 W Main Street, Taylorsville, KY 40071
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