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August 26, 2013

County sets 2013-2014 tax rates

LAUREL COUNTY, Ky. —

There is little change in the county’s tax rates for the coming year, the exception being in the County Extension fees.

Laurel County Judge Executive David Westerfield made the announcement during the regular monthly meeting of the Laurel County Fiscal Court on Thursday morning, with Deputy County Judge Executive Rick Brewer reading the rates aloud.

For the second consecutive year, the county extension fees rose slightly for the 2013-2014 tax year, rising another .20 cents on real property, from 2.40 last year to 2.60 this year. Personal property rose from 3.75 to 4.30 this year, while the motor vehicle and watercraft fee remained at 1.03 cents per $100 of value.

The tax rates for the County Extension Service rose last year from the 2011-2012 fees, with a .20 rise in real property and .25 for personal property. The increase in personal property this year shows the largest amount of increase, with taxes in that area rising from 3.5 in 2011-2012 to its newly approved rate of 4.30.

The county rates for real property and personal property will remain at 6.20 cents each per $100 of value. The soil conservation fees will be 0.004 cents per $100 value. The library district rates are set at 8.0 cents per $100 of value for real property while the personal property rate is 13.83.

Taxpayers will give 4.0 cents per $100 of value to the Laurel County Health Department for real property, personal property and motor vehicles for the upcoming year.

The motor vehicle and watercraft fees for 2014 remained at 10.00 cents per $100 of value.

 

njohnson@sentinel-echo.com

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