Although real estate values have generally risen sharply from a year ago, Hardin County residents will see their property taxes on county real estate remain about the same.
Hardin’s tax court voted Tuesday to lower its rate for general and road funds from 12 cents per $100 of assessment to 11.6 cents per $100 of assessed value.
The rate, called the compensation rate, will bring in roughly the same amount of revenue the county brought in last year. The new property is not included in the rate calculation.
“When we get our property tax bills, we tend to say, ‘What are they doing with all that money? Magistrate Garry King said at Tuesday’s meeting. “The county government is not getting all this money. We pay for a lot of different things. It’s not just county government.
The court also voted to approve tax rates of 2.2 cents per $100 of assessment for the Health Department fund, 0.15 cents per hundred dollars of assessment for the Soil Conservation District. and 1.8 cents per $100 assessment for cooperative extension service. In total, county residents will pay 15.75 cents per $100 of assessed value for county general and road funds and these agencies. This does not include school and other taxes.
Each year, Kentucky County Tax Courts have the option of keeping their existing tax rates, choosing the compensatory rate, or choosing a rate that would bring in up to 4% more revenue than the previous year without that the tax rate be subject to a reminder. by voters.
Hardin County Executive Judge Harry Berry said the chosen rate is expected to generate about $8.4 million in revenue for the county, with about $7.97 million remaining after the County Sheriff’s Office Hardin deducted the tax collection costs. The sheriff’s office successfully collects about 99% of the county’s taxes, Berry said.
About $7.25 billion of property in Hardin County will be taxed in tax court for the 2022-23 fiscal year.
Home prices in the United States have increased by 30% on average since 2020, according to a report by The Motley Fool. The average home price in Kentucky for the first quarter of 2022 was $197,644.
In Kentucky, home values for tax purposes are assessed in January.
Motor vehicle and personal property tax rates were also approved on Tuesday.
The rate for motor vehicles and watercraft will be 11.5 cents for every $100 of assessed value for county general and road funds, 2.2 cents for the health department fund, and 1.46 cents for the cooperative extension service.
Rates for personal property, commercial inventory, aircraft and unregistered watercraft in Kentucky will be 11.8 cents per $100 of assessment for county general and highway funds, 2.2 cents for health department and 2.6 cents for the cooperative extension service.
A public hearing on the proposed tariffs was held ahead of Tuesday’s vote. No public comment was made against or for the recommendation.
IN OTHER CASES
A road closure was also approved by the tax court on Tuesday.
Cherry Hill Drive at Cherry Hill Estates, an undeveloped road, will be closed. The gated right-of-way will be consolidated into contiguous lots 1 through 6 of Cherry Hill Estates into a single lot, according to the resolution approved Tuesday.
The closure was approved by the Hardin County Planning and Development Commission in July. The commission concluded that the closure meets the objectives of the Comprehensive Development Guide to improve traffic flow and to assess and close streets that are not in use or have not been built or are unnecessary.
No public comment was made Tuesday at a public hearing held before the shutdown was approved.
• Awarded bid for online auction services for the sale of surplus equipment, vehicles and other items to Lewis Auction Co.
• Approval of a 5% salary increase for all street medics in the county, all of whom are non-administrative doctors. The salary increase will take effect on September 25.
• Approved the hiring of Pitman-Green Engineering of Campbellsville for engineering work instead of hiring an engineer from the county. The agreement with the company provides for it to be in effect until December 31, 2027.
• Approval of an agreement with Cintas for this company to provide uniform services for the county.
• Awarded an offer for collections for EMS County to Credit Clearing House of America.
• Approval of a contract between the Tax Court and the Hardin County School Board for the school board to provide bus transportation to non-public school students whose schools are along established routes.
• Approved the hiring of a temporary Kennel Technician for the Animal Care and Control Department at an hourly rate of $15.17.
• Approved various personnel changes in the county EMS department.
• Approved the termination of a part-time E-911 carrier.