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Radcliff City Council adopted the city’s latest property tax rates in a unanimous vote Wednesday morning during a special meeting at City Hall. Councilmen Stan Holmes and Don Shaw were absent.
The real property tax rate was set at 15.9 cents per $100 of assessed value, which falls below the compensating rate of 16 cents per $100 of assessed value. The compensating rate is the rate needed to produce an amount of revenue equivalent to the prior year.
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