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Florence council adopts 2025 tax levy ordinance on first vote, sets rates and deadlines
Summary
Council passed ordinance establishing 2025 real and personal property tax rates, discounts and penalties, and a franchise bank-deposit tax; the motion passed by roll call, 6-0. The ordinance sets due dates, a 2% early-payment discount and 12% penalty/interest for late payments.
The Florence City Council on Aug. 19 adopted by roll-call vote an ordinance establishing the city's 2025 tax rates and related payment rules. The ordinance sets the basic real-property tax rate for general-fund purposes at 18.7 cents per $100 of assessed value and a personal-property rate of 23.9 cents per $100 of assessed value, excluding motor vehicles and watercraft.
The ordinance also levies an additional tax of 4.4 cents per $100 of value on real and personal property (again excluding motor vehicles and watercraft) to fund the city's obligation for police and firefighters under the county employees retirement system. Taxes established by the ordinance are payable upon final passage and publication; the ordinance allows a 2% discount for taxes paid in full by Nov. 1, 2025.
The ordinance specifies that taxes unpaid after Jan. 1, 2026, are subject to a 12% penalty plus interest at 12% per annum from Jan. 1, 2026, until paid. It also establishes a franchise tax on financial institutions measured by deposits located in the city; the ordinance cites previous ordinance O-1896 and the Bank Franchise and Local Deposit Tax Act, KRS 136.575, in that provision.
Council moved and seconded the ordinance; during the roll-call vote Councilmembers Wingo, Chambers, Wynne, Whelan, Schneider and Cable voted yes and the motion passed 6-0.
The ordinance text and payment schedule are available in the city clerk's office. Specific collections procedures and future-year dates are set in the ordinance.
