The Covington Board of Commissioners voted Tuesday night to raise property taxes. The new real estate property tax rate is $0.287 per $100 of assessed property value. This is an increase from the previous real property tax rate of $0.277 per $100 of property valuation. The new personal, or tangible, property tax rate is $0.375 […]
Tag: property tax
Posted inNews
Compensating rates? Real property? Tangible property? Understanding property taxes
UPDATE: Following some reader inquiry, we have added additional information relating to compensating tax rates under the ‘Tax Rates and Revenues’ sub-heading.–LINK nky Editorial, Sept. 21, 2023. It’s that time of year: cities, schools and other taxing bodies in the region are setting property tax rates for fiscal year 2023-2024. That means you’ve likely seen […]
Posted inNews
Kenton County increases one tax in an effort to decrease another
Kenton County voted last week to increase its occupational license tax to help decrease property taxes and better align with other counties in the state, such as Boone and Jefferson. Kenton County Treasurer Roy Cox said the county currently puts more of a burden on the property owners in the county by having a higher […]
Posted inNews
Covington Board of Education lowers property tax rate
The Covington Board of Education voted to lower its property tax rate by 17% last week, following a similar move by the City of Covington, citing increased property value assessments in the city. Superintendent Alvin Garrison recommended a tax rate of 89.5 cents, which is a reduction of 18.6 cents from last year’s rate of […]