Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Policy topic
No spam. Unsubscribe anytime.
Daviess County holds first reading of 2025 tax-rate ordinance proposing lower compensating rate
Summary
At first reading the court presented a proposed compensating property tax rate for 2025 that would lower real-property rate from 12.9¢ to 12.2¢ per $100 of assessed value; tangible and motor vehicle rates were listed.
Daviess County Fiscal Court held the first reading Aug. 7 of an ordinance setting the county’s 2025 tax rates and presented a proposal to adopt the compensating rate that would generate the same revenue as the prior year.
Mister Johnson reviewed 2025 assessment information from the Department for Local Government and said the court had two calculated rates: the compensating rate (which preserves prior-year revenue) and a rate that would allow a 4 percent increase in revenue. Johnson said the court’s preference was to adopt the compensating rate, which would reduce the real-property rate from 12.9¢ per $100 of assessed value in 2024 to 12.2¢ per $100 for 2025 while leaving other ad valorem rates unchanged.
Johnson listed proposed rates: real property 12.2¢ per $100 of assessed value; tangible personal property 13.8¢ per $100; and motor vehicles and watercraft 17¢ per $100. He told the court that the compensating rate would generate sufficient revenue to manage the FY 2025–26 budget without apparent negative impact to future fiscal years. The session recorded that this was the ordinance’s first reading; no formal adoption occurred at this meeting.
Commissioner Connor commended county staff for the financial stewardship that enabled a lower rate. No public comments opposing or altering the proposal were recorded during the first reading.
