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Elizabethtown council approves three tax ordinances, accepts naming-rights bid and OKs sale of city parcel
Summary
At a Sept. 22 special meeting the Elizabethtown City Council adopted three tax ordinances (motor vehicle/watercraft, franchise tax, and real/property tax), accepted Magnolia Bank's gallery naming-rights bid and approved sale of 710'712 E. Dixie Ave. to a local family for redevelopment.
Elizabethtown'The Elizabethtown City Council on Sept. 22 adopted a package of tax measures and approved two municipal orders affecting downtown assets and a south-end redevelopment parcel.
The council unanimously adopted Ordinance 23-2025, setting an ad valorem motor-vehicle and watercraft tax at 11.6 cents per $100 of assessed valuation; Ordinance 24-2025, imposing a franchise tax of 0.025% on eligible financial-institution deposits for the 2025 tax year (as defined under KRS chapter 136); and Ordinance 25-2025, fixing the ad valorem rate for real and personal property at 10.7 cents per $100. Judge Howard read the ordinance texts for second readings before the motions to…
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