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Worthington Hills holds first reading of 2026 property tax ordinance; commission starts with '4%' example
Summary
Mayor Mary Stoneham presented the first reading of Ordinance No. 2, Series 2026 (property tax ordinance) and proposed using the statutory maximum (about 3.9823%, described as 4%) as the first-read percentage so staff can finish reassessment numbers for the second reading next month. Commissioners discussed homestead exemptions and sanitation costs.
At its May 19 meeting, the Worthington Hills City Commission conducted the first reading of the city’s 2026 property tax ordinance. Mayor Mary Stoneham recited the ordinance text and explained the legal framework, citing Kentucky law and the city’s formula for calculating ad valorem revenues.
"Look, I'm just going to I'm going to go ahead and read the 1st read on the ordinance using the 4% which is actually 3.9823% based off of this example," Stoneham said, explaining she used a full 4% example so the commission could see the projected numbers once the PVA reassessment is received. She noted revenue and statutory constraints under KRS 92.520.
The mayor described how reassessments and homestead or disability exemptions affect the taxable base and walked commissioners through spreadsheet examples showing projected revenue and the effect of discounts for early payment. Commissioners asked clarifying questions about homestead exemption counts and the sanitation budget, which is expected to rise by about $8,000 next year.
No final vote on the tax rate occurred at the meeting. Stoneham said staff would finalize the top assessment numbers when they arrive and present updated calculations at the second reading scheduled for the next meeting to allow tax bills to be printed on schedule.should the commission ultimately adopt the ordinance after the second reading, it will be implemented for fiscal year 07/01/2026–06/30/2027.
