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School taxes

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Williamstown goes up; Grant stays same

By Bryan Marshall

Grant County Schools

Grant County Board of Education voted unanimously to not increase the tax rate levied for schools in the Grant County School District.  

The tax rate on real and personal property in the Grant County School District for 2008 and again in 2009 is 52.2 cents per $100 of property valuation.

Last year’s tax rate produced revenue of $5.15 million for the district.

The 2009 tax rate is expected to bring in $5.14 million — $597,365 from new and personal property.

“We feel we have a responsibility to the citizens of Grant County to bear this economic downturn with our neighbors, rather than add to their burdens,” said Tracy Goe, board chairperson. “We, as a district, will join our community in tightening our belts and see this through.”

Williamstown Independent Schools

Taxes on real and personal property were increased by 2.2 cents by the Williamstown School Board.

This year’s tax rate will be 82.9 cents for real and personal property to produce and estimated $1.28 million.

Of this amount, $203,293 is from new and personal property.

The general areas to which revenues of $84,928 above last year’s will be allocated include building fund, instruction, transportation, maintenance of plant and cost of collections.

City tax bills in mail soon

Dry Ridge

The Dry Ridge City Council voted to keep the real property tax rate the same as 2008 while increasing the personal property tax rate.

The tax rate for real property will be 22.2 cents per $100 assessed value and will generate $365,662 in revenue — more than $18,000 more than last year.

The personal property tax rate will be 18.1 cents per $100 assessed value, creating $76,627 in revenue.

Last year’s personal property tax rate of 13. 7  cents produced $72,448 in revenue.

The excess revenue from this year’s taxes will be utilized for public safety through the Dry Ridge Fire Department.

Williamstown

The city of Williamstown’s real property tax rate will increase slightly while its personal property rate will decrease.

The real property rate for 2009 will be 31.9 cents per $100 assessed value, an increase from $31.6 cents last year.

The expected revenue from real property is $490,936, which is up about $29,000 from the previous year.

The personal property tax rate will be 44.4 cents per $100 assessed value and its is estimated to produce $107,446 in revenue.

Last year’s personal property tax rate was 57.7 cents, but only produced $73,395 because assessments were lower in 2008.

Corinth

The real and personal property tax rate remained the same again for 2009.

The personal property rate will be 22.9 cents per $100 assessed value.

The real property rate will be 27.7 cents.

Last year and this year’s taxes are expected to generate about $19,000 in revenue for the city.

Crittenden

The city of Crittenden has a slightly lower tax rate this year and subsequently will bring in a little less revenue than 2008.

The 2009 tax rate is 20.3 cents per $100 assessed value and is expected to generate $305,295 in revenue.

No revenue is expected from new property while $12,353 is expected from personal property.

The 2008 rate was 20.6 cents per $100 assessed value and produced $310,253.

The revenue will be allocated to the continued operations of the city, increase in the cost of personnel, maintenance of infrastructure and general expenditures.