Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Erlanger council sets special meeting after PVA error removes $49 million from assessments
Summary
City officials told the council a PVA data error removed about $49,000,000 from 2023 assessed inventory, leaving the city to decide how to balance revenues for 2024; council scheduled a first reading next Tuesday and discussed keeping the tangible rate unchanged while adjusting property rate modestly.
Mayor and finance staff told the Erlanger City Council caucus that Property Valuation Administrator data for 2023 contained a misclassification that removed roughly $49,000,000 of inventory from the city's taxable rolls, a development officials said will affect approved compensating rates and budget calculations.
The misclassified inventory, the mayor said, was recorded as warehouse inventory when it should have been listed as inventory in transit and therefore not subject to city tangible tax. "That $49,000,000 has been removed from our 2023 tax rolls and will not be in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
