Mayor says council trying to hold the line on taxation during recession
By Molly Haines
Tuesday, October 13, 2009 at 8:00 pm
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.
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