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Spencer County Fiscal Court adopts 2020 tax rates, approves health and fire district levies
Summary
Spencer County Fiscal Court set the 2020 property tax rate at the compensating rate of 7.60 per $100 assessed value and set motor vehicle/watercraft rates at 8.29 per $100. The court also received a Board of Health resolution establishing a public health tax levy and reviewed the fire district rates.
Spencer County Fiscal Court voted on Aug. 3, 2020, to set the county's 2020 property tax rate at the compensating rate of 7.60 per $100 of assessed value and to set motor vehicle and watercraft rates at 8.29 per $100.
The actions followed state assessment worksheets and a presentation of rate calculations. The motion to set the property rate passed on a roll-call vote after discussion: ayes were Esquires Travis, Beaverson, Brewer and Judge John Riley; Esquires J. Moody and M. Moody voted "nay." The court then set the motor vehicle and watercraft rate at 8.29 per $100 with the same vote pattern.
The meeting also included a certified resolution from the Spencer County Board of Health establishing a special ad valorem public health tax under KRS 212.750, levying 4.0 cents per $100 of assessed valuation for real, personal and motor‑vehicle property; the resolution directs the fiscal court to place the levy on tax bills and to remit proceeds to the Board of Health. The court reviewed the document and received it for the record.
Chief Nathan Nation presented Taylorsville-Spencer County Fire District tax rates, which the district's board had adopted unchanged from the previous year. Nation told the court that special taxing districts will be subject to the 4% rule beginning Jan. 1, 2021, and thanked the court for recent radio upgrades, saying the equipment "helped the efficiency of everybody." He said the fire district will issue a public update comparing promised uses of prior tax revenue with actual expenditures.
Why it matters: Setting the compensating rate preserves the county's revenue level given valuation changes; the Board of Health levy and the fire district rate affect how much residents will pay in additional special district levies. The court's actions set the official levies the county will advertise and collect this tax year.
What’s next: The adopted rates will be reflected on tax bills and submitted to state offices as required; the court flagged that some special‑district calculations may require additional timing and public notices in coming weeks.
