Vine Grove considers property tax increase

-A A +A

Second reading set for Oct. 17

By Amber Coulter

Vine Grove residents could pay a few more dollars than last year in property taxes.

City Council members approved the first reading of a proposed ordinance Monday night that would increase the rate for real property from 16.7 cents per $100 of taxable property to 17.1 cents.

That would mean a tax increase of about $3.20 for a house valued at $80,000, $10 for a $250,000 home and $20 for a $500,000 residence.

The rates would be for the 2013 fiscal year on all taxable property according to its 2012 assessed value.

Council members voted 4-2 to approve the first reading.

The document requires a second reading and another vote to be approved as an ordinance.

A second reading with a public hearing and vote on the rates has been scheduled for 6 p.m. Oct. 17 at City Hall on West Main Street.

Councilmen Gary McCoy and Kristofor King voted against the proposed ordinance Monday.

McCoy worried the council was raising the rate to the maximum allowed and might be in the habit of that.

Mayor Blake Proffitt said the city kept the rate the same and reduced it sometimes during his six years on the council.

“We’re going to need income from somewhere,” he said.

King said Hardin County, Elizabethtown and Radcliff didn’t raise their property taxes.

He also said residents might face financial challenges, such as losing their jobs or having children.

“Even though $5 on a $120,000 house doesn’t sound like a lot, I don’t feel like taking it from our citizens,” he said.

Councilwomen Kathy Sisco and Donna Betson both said the revenue helps to pay city employees and provide services to residents, such as snow removal.

Councilman Keena Straney said revenue especially is important with project cost increases for fuel.

The proposed ordinance would keep the rates on other taxes the same at 44.1 cents per $100 for personal property, 17 cents for privately owned and registered vehicles and watercraft and 0.025 cents for bank deposits.

Amber Coultercan be reached at (270) 505-1746 or acoulter@thenewsenterprise.com.