Taxes

REALTORS Push for Modernization of Occupational Tax Collection

Lexington, KY. 02/27/2008 – Kentucky REALTORS® were in Frankfort last week to support issues that have an impact on the real estate industry. The group met specifically with legislators to voice support for a change in the state’s tax code and a new way for cities to collect occupational license taxes.

Covington approves tax increase

The Covington City Commission decided Tuesday it was better to approve a property tax increase than cut services.
Proponents of the hike, which passed 4-1, said it was needed to help offset rising city expenses, particularly pension costs, which are going up by $931,000 this year, and health care.

Property-tax rate will drop a little

Property-tax rates in Louisville are going down, but only because property values are going up.
The Louisville Metro Council’s Budget Committee unanimously approved new tax rates yesterday for real estate this fiscal year.