Hearing Monday on proposed tax hike

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 SHEPHERDSVILLE - If the Bullitt County Public School Board follows a recommendation from its superintendent, property owners will be paying a little more on their tax bills in October.

With state funding shrinking, superintendent Keith Davis will recommend that the board accept an increase in the real property tax from 55.2 cents per $100 of assessed value to 57.6 cents.

On a $100,000 home, the increase would be $24.

To receive about the same revenue as a year ago, the compensating rate would be 55.1 cents or real property.

The proposed rate would be the same on personal property.

Combined, the new tax rate would generate over $29.9 million, an increase of $2.6 million. Of the new revenue, proposed uses of the money would include: instruction, $1.6 million; transportation, $203,582; maintenance, $652,507; and collection fees, $57,420.

A public hearing will be held at 5:30 p.m. on Monday, Sept. 26, at the school board office on Highway 44 East. The public is invited to attend and to make comments.

Following the comment period, the board is expected to vote on the tax rate.