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94.3 the Wolf Country That'll Make You Howl!
The Radcliff City Council met for a work session Monday evening.
The council discussed the city’s ad valorem taxes for the 2024-2025 fiscal year. Radcliff CFO Chance Fox said the city saw a jump in new property on the tax rolls, along with a significant increase in property values.
“Radcliff has $1.418 billion of assessed real property value,” Fox said. “Last year in 2023, it was $1.16 billion, so that’s an increase of $250 million in assessed value.”
Because of this increase, the city’s tax rate for real and personal property will decrease from last year’s rate of $1.47 per $1,000 assessed value to either the compensating rate of $1.23 per $1,000 assessed value or the 4 percent increase rate of $1.29 per $1,000 assessed value. Members of the council expressed support for the 4 percent increase in order to generate revenue for the city without impacting taxpayers. The 4 percent increase requires advertising and a public hearing, which the city will prepare.
In other meeting news, the council discussed the pursuit of a grant program through GameTime Playgrounds for a new playground at Dawley Park, and Council Member Terry Owens proposed an ordinance establishing a youth council for the city. Members of the council expressed support for both measures and will discuss them further.
The Radcliff City Council will next meet September 17.
The Elizabethtown City Council met for a special meeting Monday evening. The council approved, on their second readings, the ordinances that set city taxes for the 2024-2024 fiscal year. The franchise tax rate for all eligible bank deposits is set at .025 percent, the tax rate for real and personal property is set at 11 cents per $100 assessed value, and the tax rate for all motor vehicles and watercraft is set […]
