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Lexington council approves House Bill 44 (4%) ad valorem recommendation, schedules public hearing
Summary
After a presentation on property assessments and options, the Lexington Fayette Urban County Council voted to set FY26 ad valorem tax rates under the House Bill 44 4% option for general and urban services and scheduled a public hearing for Aug. 28, 2025.
The Lexington Fayette Urban County Council voted on Tuesday to set FY26 ad valorem tax rates using the House Bill 44 allowable 4% option for both the general services and urban services funds and scheduled a public hearing for Aug. 28, 2025.
The action follows a presentation from Director Luker on the statutory timeline for setting tax rates and three rate options: the compensating rate (maintains prior-year revenue for existing property), the House Bill 44 4% allowable increase, and higher ‘‘cost of service’’ options primarily discussed for urban services. Director Luker told the council the administration recommended the House Bill 44 (4%) option for both funds.
The administration said Lexington’s…
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