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Fort Thomas readopts $3.48 tax rate; resident raises concerns about undocumented property‑tax payment plans
Summary
At a public hearing, Fort Thomas officials said the city readopted last year’s rate of $3.48 per $1,000 amid modest assessment increases. A resident told the council she found evidence of informal payment plans for some property taxes but said no written policy exists; staff said they will draft clearer procedures.
The Fort Thomas City Council opened a public hearing and readopted last year’s tax rate of $3.48 per $1,000, City finance staff said, while explaining the action was required after property assessments rose enough to push the effective rate above the compensating rate.
"The city of Fort Thomas had opted this year after discussions during budgeting to readopt last year's tax rate of $3.48 per thousand," said Speaker 4 (finance staff) during the hearing. He added that the compensating rate cited at the meeting was $3.34 per $1,000 and that the public hearing was necessary because assessment growth changed the effective rate.
Why it matters: Readopting the prior rate keeps the city’s levy steady for…
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