Boone County Lowers Tax Rates, Announces Plan to Rehabilitate and Repair Local Streets, Sidewalks, and Roads
BURLINGTON, KY – At the August 26, 2021 meeting of the Boone County Fiscal Court, a vote to reduce the county’s 2021-22 real property tax rate passed Thursday evening. The County also approved a general funding plan to provide additional funds to repair and rehabilitate local streets, sidewalks, and County roads. All four Fiscal Court members, Judge/Executive Gary Moore and Commissioners Jesse Brewer, Cathy Flaig, and Charlie Kenner, supported the tax rates reductions and the additional funding for streets, sidewalks and roads repairs.
The Fiscal Court lowered the County’s real property tax rate from 10.1 cents to 9.8 cents per $100 of assessed value.
Due to the economic vitality and growth of property values in the County, the lower tax rates will still generate enough tax dollars to maintain existing county services. The additional tax revenue that will be generated will be used to rehabilitate and repair existing local streets, sidewalks, and rural roads.
“With the continuing economic investments of new and existing businesses and the increasing value of our properties, we are able to lower our tax rate again,” remarked Judge/Executive Gary Moore. “The additional revenue will increase the frequency of our street and sidewalk repairs. Several of our rural roads will receive upgrades as well,” said Judge/Executive Moore.