Board approves 4% tax increase

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The Grant County Board of Education voted 3 to 1 to approve a 4 percent increase to the current tax rate earlier this month.
The rate goes from 52.9 cents to 56.1 cents per $100 of assessed value. That means a homeowner with a $124,300 home, the median home value in Grant County, will be paying $697.32 or $39.78 more than last year.
The motor vehicle tax rate will be 55.3 cents and the utility tax rate will be 3 cents. These are the same rates as last year.
The projected revenue from the real and personal property and tangible tax is $5,511,205.

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The Grant County News | circulation@grantky.com | 859-824-3343
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