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Owen countians can expect little change to their tax bills following a decision made by the Owen County Fiscal Court.
The court approved its 2013 tax rates Monday and only the real property rate will increase, from 12.1 to 12.2 cents per $100 of assessed value.
The personal property rate will decrease from last year’s rate of 13.7 to 13.4.
The water craft, motor vehicle and aircraft rates will remain the same as the 2012 rates at 14.8 cents per $100 of assessed value.
“(The compensating rate) will afford us enough revenue to keep going,” Owen County Judge-executive Carolyn Keith said during Monday’s meeting.
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.
Deputy Owen County Judge-executive Pam Miller said the compensating rate brings in roughly the same amount of revenue as the previous year.
Keith could not be reached for comment by press time Tuesday.