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City Council has first reading for proptery tax rate Set for calendar year 2014 at same rate as year ago. Tax is set to be lowered from 26.25 cents/$100 to 23 cents/$100 for next year if, as expected, the recommendations of the Council Revenue Committee are enacted The Columbia City Council met in a very brief special called meeting to set the tax rate for the calendar year 2014. No change was made in the tax rate of 26.25 cents per $100 of assessed property valuation on "lands, improvements and personal property, tangible and intangible, held or owned by any person, firm, Company corporation or association in his, her, theirs, or its fiduciary or agent and subject or agent and subject to taxation under the laws or the State of Kentucky. . . " The meeting was held to allow fiscal court to order the printing of the tax bills for 2014 tonight at Adair Fiscal Court which follows at 7pmCT this evening, Tuesday, September 9, 2014. A second reading for the 2014 Columbia tax is scheduled for a special called meeting to be held on Thursday, October at 2pmCT, in City Hall. If the recommendation from the City Revenue Committee is passed at the October 6, 2014, regular meeting of City Council, the property tax rate, next year, is scheduled to be reduced from 26.25 cents per $100 to 23 cents per $100 of assessed valuation. Present for the first reading were City Attorney Marshall Loy, who read the ordinance, City Clerk Rhonda Loy, and City Councillors Craig Dean, Linda Waggener, June Parson, Charles Grimsley, and Robert Flowers. Craig Dean presided in the absence of Mayor Mark D. Harris. Also present were representatives of media. This story was posted on 2014-09-09 17:12:54
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