Dawson Springs Independent
September 14, 2017 5:50 PM
Tax Rate Hearing
1. Call to order
2. Roll Call
3. Approval of the agenda
Actions Taken

Order #5848 - Motion Passed:   passed with a motion by Mrs. Vicki Allen and a second by Ms. Lindsey Morgan.

4. Discussion of potential tax rates for 2017-2018 school year FY 18. The proposed general fund tax levy of 69.3 cents on real property and 71 cents on personal property. As a matter of reference, the Real Estate tax will decrease by 1.7 cents and the personal property tax will remain the same. For a person owning a $75,000 dollar house in Dawson Springs, their property tax would decrease by about $12.75. The General Fund tax levied in fiscal year 2017 was 71 cents on real property and 71 cents on personal property and produced revenue of $393,349.67. The proposed General Fund tax rate of 69.3 cents on real property and 71 cents on personal property is expected to produce $427,632.90. Of this amount $55,498.26 is from new and personal property. The compensating tax for 2018 is 66.7 cents on real property and 71 cents on personal property and is expected to produce $413,596.66.
5. Recognition of citizens or delegations who would like to approach the Board regarding the proposed tax rate.
6. Hearing adjournment
Actions Taken

Order #5849 - Motion Passed:   passed with a motion by Mrs. Vicki Allen and a second by Mr. Michael "Wes" Ausenbaugh.