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County sets tax rates for 2014

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Magistrates adopt compensating amount; Real property rate to rise slightly over last year

By Molly Haines

Taxpayers in Owen County will see only slight changes to their tax bills following the adoption of the 2014 tax rates by the Owen County Fiscal Court.
The court approved a compensating rate for its 2014 tax year Aug. 26 and only the real property rate will increase, from 12.2 to 12.4 per $100 of assessed value.
The personal property rate will remain the same as in 2013 at 13.4.
The watercraft, motor vehicle and aircraft rates will also remain the same at 14.8.
The fiscal court has three options for setting tax rates each year – including the compensating rate, a 4-percent increase or keeping the rates the same as the previous year.
“Had we taken the 4-percent increase, the difference would have been about $20,000,” Owen County Judge-executive Carolyn Keith said. “The compensating rate is a very slight increase from last year.”
The court also approved the Owen County Soil Conservation’s tax rate of 1.6 per $100 of assessed value.
Keith said the soil conservation’s rate has remained the same for several years.
In other fiscal court news:
• During its workshop following the Aug. 26 meeting, Keith said changes to the county’s administrative code were discussed.
Keith said changes will include the cost of meal reimbursement for county employees. Meals will be reimbursed at the rate of $7 for breakfast, $8 for lunch and $15 for dinner per day.
Keith said the meal reimbursement rates are the same as the state pays its employees.
The changes could also include an addition to employees being paid for any time worked over eight hours in any one work day where the judge executive has determined or approved the work because of an emergency situation regardless of any time worked during the week.
An ordinance to establish the changes will likely have a first reading at the court’s Sept. 9 meeting.