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Elizabethtown holds first readings of three tax-rate ordinances; officials say city rates unchanged
Summary
City officials conducted first readings of ordinances to set motor-vehicle, bank franchise and real/personal property tax rates for 2025-26, saying the proposals do not represent a new city tax increase and that higher bills often reflect school and county levies.
Elizabethtown officials on Sept. 15 conducted the first reading of three ordinances that set tax rates for motor vehicles and watercraft, a franchise tax on eligible bank deposits, and the ad valorem rate for real and personal property for the 2025 tax year.
Mayor Judge Howard opened the discussion and asked Finance Officer Jeff Hawkins to explain how the city calculates tax rates. Hawkins said the city follows state valuation updates and a statutory formula that limits how much revenue a municipality can capture from rising assessed values. "We haven't been taking the extra 4%... We have also not raised property…
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