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Shepherdsville introduces compensating ad valorem tax rate; council schedules special meeting to finalize
Summary
City staff presented three ordinances setting 2025 ad valorem rates: a compensating rate of 11.61¢ per $100 for real and personal property and a 12.5¢ rate for motor vehicles/watercraft. CFO Angie Milose explained the compensating-rate calculation; council will meet in a short special session to finalize notices to the county.
City financial staff presented the calculations behind the city’s 2025 ad valorem tax rates at the Aug. 26 Shepherdsville City Council meeting and the council scheduled a brief special meeting the following day to finalize adoption and transmission to the county.
City documents read into the record (ordinances 025026 and 025027) set a compensating rate of 11.61¢ per $100 of…
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