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Daviess County adopts 2025 tax rates, keeps compensating rate and reports insurance reimbursements
Summary
The fiscal court adopted the 2025 county tax rates (real property 12.2¢, tangible personal property 13.8¢, motor vehicles/watercraft 17¢ per $100), adopted the compensating rate and noted the general fund rose after ~$3,560,000 in insurance reimbursements for March storm damage.
At its Aug. 21 meeting, the Daviess County Fiscal Court approved the second reading and adoption of an ordinance establishing the county’s 2025 tax rates.
Treasurer Johnson told the court the fiscal court proposed adopting the compensating tax rate while leaving other ad valorem classifications unchanged. The rates adopted were listed as: real property at 12.2¢ per $100 of assessed value, tangible personal property at 13.8¢ per $100, and motor vehicles and watercraft at 17¢ per $100 of assessed value. Treasurer Johnson also said the county’s general fund balance was higher than anticipated after receiving approximately $3,560,000 in insurance reimbursements to cover damages from the March storm; some of those funds have been expensed for repairs and replacements.
Judge Castle and other members characterized the adoption as a substantial tax decrease compared with prior years. Judge Castle said the move represented, in his view, “the biggest tax cut that we’ve come going back 25 years that we can substantiate,” and suggested it might be “the biggest tax cut in 50 years.” The motion to adopt the ordinance passed by voice vote.
The court also approved a resolution to set the Green River District Health Department’s tax rate at 4¢ per $100 of assessed value for real property, personal property and motor vehicles, a rate that has been in place since 2017; Treasurer Johnson cited KRS 212.755 as the governing statute requiring fiscal court approval of district rates.
What’s next: The tax ordinance becomes effective upon passage and publication per the ordinance language; further budget actions and fund transfers described in the treasurer’s report will be available for public inspection in the treasurer’s office.
