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Spencer County sets property tax rate at compensating rate of 6.1¢ per $100
Summary
The fiscal court approved setting the county property‑tax rate at the compensating rate of 6.1¢ per $100 assessed value; members said the rate avoids a public hearing and reflects recent valuation growth in the county.
Court members discussed valuation growth in the county over recent years and the effect on the compensating tax rate. A committee member moved to set the county’s tax rate at the compensating rate of 6.1¢ per $100 assessed value, which does not require a public hearing; the motion was seconded and approved by voice vote.
Speakers noted that valuations have increased and that taking the compensating rate was their recommendation. The court agreed to set the rate now and to revisit related vehicle and personal‑property rates within the statutory 45‑day window if adjustments are needed.
