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Wickliffe officials warn county's proposed property tax changes could cut local revenue
Summary
Council members and staff reported on a county meeting reviewing proposed rule changes that would double homestead and owner-occupancy exemptions; the change would reduce residents' tax bills but shift roughly $128,000 in lost revenue to the city and substantially larger sums from local school districts if adopted before Oct. 31.
Council members and city staff reported on Oct. 27 that county commissioners are considering rule changes that could double homestead and owner-occupancy exemptions, reducing property taxes for homeowners while reducing local government and school district revenues.
Council President Lavon told colleagues the county meeting included state legislators and county officials and that the county must act by Oct. 31 for changes to take effect for tax year 2025 (collection in…
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