Residents will have an opportunity to comment on proposed property tax rates in Florence before the City Council considers adopting them at a public hearing scheduled for Aug. 18.
The hearing will begin at 5:30 p.m. in the Council Chambers at the Florence Government Center, 8100 Ewing Blvd., according to a community announcement. City officials are proposing a real property tax rate of 18.7 cents per $100 of assessed valuation and a personal property tax rate of 22.6 cents per $100 of assessed valuation.
The proposed real property rate is expected to produce about $7,042,102 in revenue, while the proposed personal property rate is projected to generate approximately $1,900,791.
Under Kentucky law, local governments that seek to levy a tax rate above the compensating rate must hold a public hearing before adopting the rate. The compensating rate for real property in Florence is 17.3 cents per $100 of assessed valuation and would generate about $6,514,886 in revenue.
The city said the additional revenue above the compensating rate would support police services, public safety operations, public works, maintenance, administrative functions and capital improvement projects.
City officials are also proposing a reduction in the Special Assessment for Hazardous Employees Retirement.
If the City Council approves both proposals following the public hearing, the combined property tax rate paid by Florence property owners would be lower than the overall property tax rate paid in 2025, according to the announcement.
Residents may attend the hearing to learn more about the proposal and provide comments before the council takes action on the tax rates.
People who need accommodations to participate may contact the Florence City Clerk's Office at 859-647-8177 before the meeting. Additional information is available through the clerk's office at the same number.
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This article originally appeared on Cincinnati Enquirer: Florence to hear public input on proposed property tax rates