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Owensboro adopts fiscal-year property tax rates; real-estate rate lowered

Owensboro Board of Commissioners · September 17, 2025

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Summary

On second reading commissioners adopted Ordinance 16-2025 setting FY2025–26 municipal tax rates, reducing the real-property rate to 25.6¢ per $100 of assessed value and maintaining vehicle and personal-property rates; the measure passed by roll call.

The Owensboro Board of Commissioners adopted Ordinance 16-2025 on Sept. 16, 2025, establishing municipal tax rates for the fiscal year beginning July 1, 2025.

City staff presented the ordinance on second reading. The commission adopted a real-property tax rate of 25.6 cents per $100 of assessed valuation, down from last year’s 26.1 cents. The vehicle rate remains 30.3 cents per $100, and the personal-property rate was set at 30.9091 cents per $100 under the statutory formula tied to the real-property rate. City staff said the proposed real-property rate is projected to produce $12,160,909 in revenues and that revenue attributed to new property is $111,727; a personal-property rate at 0.3091 was projected to yield approximately $1,429,014.

The city held a public hearing earlier in the evening (as required by KRS 132.027) before taking the second reading vote. The commission approved the ordinance by roll call.