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Boone County cuts 2025 property tax rate, holds motor-vehicle rate flat
Summary
Boone County Fiscal Court on Aug. 19 voted unanimously to set the 2025 real-property rate at 8.5¢ per $100 of assessed value (down from 9.2¢), the tangible/personal-property rate at 9.5¢ and leave the motor-vehicle rate at 14.2¢, a move staff said balances modest taxpayer relief with budget targets and reserve needs.
Boone County Fiscal Court voted unanimously Aug. 19 to set the 2025 ad valorem tax rates at 8.5¢ per $100 for real property, 9.5¢ for tangible/personal property and 14.2¢ for motor vehicles.
Staff presented the recommendation after the Department of Local Government certified Boone County's valuations on July 29. Matthew, a county staff member who led the presentation, told the court the compensating (revenue-neutral) rate for real property was 9.1¢ and a 4% growth rate would have been 9.4¢; staff…
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