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The Owenton City Council voted to raise its real property tax rates to .326 from last year’s .316 during its Oct. 1 meeting.
The .326 tax rate means a property owner will pay .326 on each $100 worth of real property at its assessed cash value.
Owenton City Clerk and Treasurer Laura Aldridge said a property owner whose property was worth $100,000 would pay $326 in real property taxes.
The personal property rate will be .469 as opposed to last year’s rate of .3338. The vehicle rate will be .2829.
Owenton Mayor David “Milkweed” Wotier said the new rates are the compensating rates.
The increase does not mean more revenue for the city.
By taking the compensating rate, the city will receive the same amount of revenue from property tax as it did last year.
“I think the main reason the council decided to go with the compensating rate is you can’t just keep taxing and taxing and taxing,” Wotier said. “So many taxes have gone up this year and we don’t want to put that extra burden on people, especially during the stress of the recession.”
Wotier said the city has always taken the compensating rate.
Several concerned citizens from East Perry Street were present at the meeting.
East Perry Street resident Patsy Marshall came before the council to discuss pit bull dogs on the street, citing that one pit bull had attacked a neighbor’s goat.
Marshall said she was concerned about the small children who live on the street being around the pit bulls and would like to see the council take action on the issue.
Wotier said the City does not have a vicious dog ordinance but action will be taken in the near future.
“Right now we don’t have anything against these vicious dogs,” Wotier said. “We don’t want people to think that we’re against animals or dogs but we don’t want anyone being attacked. I just don’t want us to wait until something worse happens and someone is seriously injured.”