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Erlanger council notes 10th straight property tax rate decrease; holds first reading of assessment ordinance to continue park fund
Summary
During a special meeting the mayor (Speaker 2) announced the city's tenth consecutive property tax rate decrease and council heard a first reading of an ordinance establishing annual property assessment procedures and continuing a Park Improvement Fund; the ordinance was given its first reading and council will revisit it next week.
The council heard two finance-related items during a special meeting in Erlanger.
Speaker 2 announced that the city has achieved its tenth consecutive property tax rate decrease and said the 'tangible tax rate' will remain unchanged. The speaker praised staff for reaching the milestone.
Speaker 9 read the full text of an ordinance "providing for the annual assessment of all real estate and personal property within the city of Erlanger… for the fiscal year beginning on July and ending on 06/30/2025," and stating how taxes will be collected and the purposes for the revenues. The reading also described continuing a special Park Improvement Fund to support development and upkeep of parks.
Speaker 2 asked the clerk to note the ordinance’s first reading and said the council will reconvene next week to continue consideration of the measure. No formal vote on the ordinance occurred at the meeting; the ordinance was entered as a first reading.
At the end of the meeting Speaker 2 entertained a motion to adjourn; the council verbally voted "Aye," recorded no opposition and the motion carried.
