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The Owen County Fiscal Court voted to raise the property tax rate from 11.7 to 11.8.
The 11.8 tax rate means a property owner will pay 11.8 cents for every $100 of a property’s value.
Owen County PVA Jimmy Coyle said the rate had gone up due to a reduction in new construction. “There just isn’t as much new building going on,” Coyle said. “There’s not as many property sales either, but I’d say the bulk of it is the fact that people are not building new homes.”
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