SHEPHERDSVILLE - Before a resolution to set the real estate tax rate was approved Tuesday, Bullitt Fiscal Court members decided to put the brakes on any action.
With a current tax rate of 9.3 cents per $100 of assessed real estate, the calculations would allow a compensating rate of 9.5 cents.
Magistrate David Walker was ready to move forward with setting the amount at the compensating rate after the county lost $120,000 in the past year.
The loss of potential funds was due to a 4-1 vote to not take the compensating rate.
Walker said with the county’s financial difficulties the past year, which resulted in no pay increases, less blacktopping and other cuts, it would be wise to take the higher rate.
“I don’t know how we can continue to go in reverse,” said Walker.
Although Bullitt County Judge/Executive Melanie Roberts offered a second to the motion, county attorney Walter Sholar said the magistrates needed all the various tax rates and some calculations to consider.
Instead of voting on Tuesday, budget committee chairman Joe Laswell said his group would meet at 11 a.m. on Monday, Aug. 24, to study the information provided by the judge’s office.
A recommendation will be made at the Sept. 1 meeting of Bullitt Fiscal Court. Tax bills could then be sent out once the rate is set.