Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster

State Property Tax Rate Unchanged for 2014

Seal of Kentucky WikComFRANKFORT, Ky. (6/30/14) — The Kentucky Department of Revenue has set the 2014 State Real Property Tax Rate at 12.2 cents per $100 of assessed value.

Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.

This rate is based on the revenue generated from the increase in taxable real property assessments from 2013 to 2014.

If the revenue increase is more than four percent after the exclusion of new property added to the tax roll during 2014, then the prior year rate must be reduced. Because the assessment increase for 2014 is estimated at 1.57 percent, the state rate will remain the same as the 2013 rate, 12.2 cents per $100 of assessed value.

All of the revenue generated from the state property tax rate will go into the state’s General Fund.

SurfKY News
Information provided by Pamela Trautner

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

3/12 - 718 switched from reg 2 to hopkins only

Stock Report

1 DOW 16,966.61
-15.98 (-0.09%)    
2 S&P 1,975.28
-3.63 (-0.18%)    
3 NASDAQ 4,452.78
+7.88 (0.18%)    
3/12 - 718 switched from reg 2 to hopkins only
3/12 - 718 switched from reg 2 to hopkins only

In Other News...

Foot Pursuit Ends with Arrest

DRAKESBORO, Ky. (7/28/14) — A foot pursuit ended with the arrest of a suspect and injuries for him and a Kentucky State… Read More

Muhlenberg County School Board Meeting

MUHLENBERG COUNTY, Ky. (7/28/14) — There will be a special called meeting of the Muhlenberg County Board of Education… Read More
3/12 - 718 switched from reg 2 to hopkins only

Most Read This Week (Site-Wide)

July 28, 2014 2755

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2329

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 25, 2014 2267

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News
July 28, 2014 1816

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 25, 2014 1571

Business Spotlight - McQuady's Automotive

in Top Stories by Charles W. Riley II, SurfKY News

Most Read Stories from Hopkins County

July 28, 2014 2755

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2329

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 25, 2014 2267

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News
July 28, 2014 1816

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 25, 2014 1486

Vehicle Strikes Lawn Mower Driven on…

in Top Stories by Dep. Mike Evans

Most Read Stories from Owensboro

July 28, 2014 869

Zuberer Takes Over at Quarterback for…

in News by Steve LeMaster
July 28, 2014 812

Dont Miss Out on a Howl of a Good Time

in News by Brittni Bunn
July 28, 2014 586

Instant Admissions Day is Aug. 1, 2014

in News by Bernie Hale
July 28, 2014 322

Prosecutors Mull Over Whether to Charge…

in Top Stories by Dennis Beard, SurfKY News
July 28, 2014 213

Owensboro Police Department Activity…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 25, 2014 1571

Business Spotlight - McQuady's Automotive

in Top Stories by Charles W. Riley II, SurfKY News
July 25, 2014 1365

Business Spotlight - Blue Moon Car Wash

in Top Stories by Charles W. Riley II, SurfKY News
July 28, 2014 1024

Foot Pursuit Ends with Arrest

in Top Stories by Christopher Rogers
July 25, 2014 1015

Open Mic, Bike Night Offer Good Times in…

in Top Stories by Paul McRee, SurfKY News
July 28, 2014 955

Boys of Broad to Launch Video at Cinema 4

in Top Stories by Paul McRee, SurfKY News

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03