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Fort Thomas finance committee agrees to hold 2025 city property tax rate as budgeted
Summary
The Finance Committee on Aug. 25 reviewed technical changes to the city—s tax base and, by committee consensus, directed staff to hold the city—s 2025 property tax rate as budgeted — generating about $95,000 from new property — and to publish required public notices ahead of the council hearing.
The Finance Committee of Fort Thomas reviewed the city—s options for the 2025 property tax rate on Aug. 25 and, after discussing reserves and upcoming capital needs, agreed informally to hold the city rate as budgeted for 2025.
Committee members and staff examined a revenue breakdown that showed an estimated $95,000 increase if the city maintains its current adopted rate; staff said that increase is driven primarily by net additions and reassessments on the tax roll (18 net new properties were cited by staff). Staff also explained the compensating…
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