Vine Grove residents could see a slight decrease in property taxes this year.

During a called meeting Monday night, city council conducted first reading of a 2020 tax ordinance that would lower rates from 17.6 cents per $100 of assessed value on real property to 17.5 cents.

Additionally, personal property and motor vehicles and watercraft rates will remain the same at 34.59 cents and 17.5 cents per $100 assessed value, according to the ordinance.

As an example, property taxes for a residence assessed at $150,000 would be $262.25 — a decrease of $1.75 from the previous year.

The city is expected to bring in about $775,572 this year from real and personal property taxes.

The second reading of the tax rate is set for Monday, Oct. 5.

During Monday’s work session, prior to the called meeting, Mayor Pam Ogden said a Veterans Day celebration is in the works for Nov. 7. Depending on COVID-19 pandemic challenges and restrictions, she said a parade and small ceremony are being planned. The parade is anticipated to be at 10 a.m.

Mary Alford can be reached at 270-505-1741 or malford@thenewsenterprise.com.

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