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Although members of the Owen County Fiscal Court recently voted to raise the county’s property tax to 11.8 from last year’s 11.7, some tangible or personal property tax rates have been lowered.
The 2009 watercraft and motor-vehicle tax rate will stay the same as last year’s 14.8. The aircraft and personal property rates have been lowered from 15 to 14.2.
Owen County Judge-Executive Carolyn Keith said any time the real estate rate goes up, the tangible rates come down.
Owen County Clerk Joan Kincaid said the rates are based on a set formula that determines how all of the rates.
Keith said although the real-estate tax has gone up slightly, she hopes the citizens of Owen County realize the need for more revenue.
“I think the people of Owen County need to realize that it would have been very irresponsible to lower the real-estate taxes right now,” Keith said. “We either take the compensating rate, the 4 percent, or we lower the taxes. Taking the 4 percent would not have been the right option at this time either because of the recession.”
Keith said because the fiscal court never knows what will come up throughout the year, keeping a good reserve is important.
“Lowering the taxes would not have been a good option because we only have $100,000 in reserve,” Keith said. “I have cut everything I can cut except for people and services.”