At their Sept. 9 city council meeting, Dayton city officials held a first reading of a proposed real property tax rate for fiscal year 2025-26. The new rate of .398 per $100 of assessed value represents the compensating rate plus 2%, half of the increase allowed by Kentucky state statute. City Administrator Jay Fossett explained […]
Tag: Dayton property tax rate
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Dayton residents could see 15% decrease in property tax rates
Dayton is looking at a 15% decrease in property tax rates for the upcoming fiscal year. The city council opened its Sept. 10 meeting with a brief hearing on the proposed rate for 2024-2025. The new rate will be $3.99 per $1000 of assessed value, representing a 15% decrease in the property tax rate. The […]
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Dayton sees biggest drop in property tax rate in more than a decade
For the first time since 2009, Dayton residents will see a dramatic drop in their property tax rate. The rate for the 2024-2025 fiscal year will drop by 15%, City administrator Jay Fossett announced at Tuesday’s city council meeting during the first reading of the city’s 2024-25 tax ordinance. “This is a big deal, and […]