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Mount Sterling to offer 3% early-payment discount on property tax bills
Summary
A city official told the council the city will offer a 3% discount on property tax bills paid by Nov. 30, saying the municipality is carrying more community costs and cannot afford a larger discount without raising property taxes.
A city official told the Mount Sterling City Council the city will offer a 3% discount on property tax bills paid by Nov. 30 this year.
The official said the municipality is taking on more expenses for community services and prefers offering an early-payment discount over raising property tax rates. "This year it's a 3% discount on all tax bills that are paid by November 30th," the official said, adding that while the city would like to offer a larger discount, it would otherwise need to raise property taxes to do so.
The official noted the city is under no obligation to offer a discount but has done so historically. The transcript records discussion but does not include a separate formal vote on the discount in the segments provided.
