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Franklin County treasurer recommends slight cut to 2025 property tax rate; public hearing required if court raises it
Summary
Treasurer Amy recommended a 2025 real-property tax rate of 0.183 — down from 0.184 — citing $231 million in new assessed value. The drop would lower tax by about $1 per $100,000 of assessed value; magistrates praised growth but asked for public notice and a scheduled hearing if the court considers higher rates.
Treasurer Amy told the Franklin County Fiscal Court on Aug. 12 that assessed real-property values rose to $4.1 billion, an increase of about $231 million from last year, and recommended setting the 2025 property tax rate at 0.183.
"The assessed value for real property is 4,100,000,000.0," Amy said in her presentation, and she told the court the Department for Local Government had calculated the compensating rate that would keep revenue flat. Her…
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