In a special meeting today, the fiscal court approved the second reading of the ordinance for the 2006-2007 tax rate.
2006-2007 WC Tax Rates
Personal Property- 18.5 Cents
Real Property- 13.5 Cents
Motor Vehicle/ Watercraft- 16.2 Cents
Franchise Bank Deposit- .00025 Cents
Personal property taxes are going down 1/10 of a cent to 18.5 cents per $100 of assessed value.
Real property taxes remain at 13.5-cents per $100. Taxes on motor vehicles and watercraft stay at 16.2-cents per $100, and the franchise bank deposit tax rate will stay at .00025.
Though the personal property tax rate went down, the county will actually get about $250,000 more in revenue because there's been so much growth in Warren County.
The magistrates were also told the state is adding a $5.00 fee to the cost of vehicle tags in Kentucky next year.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.