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Proposed Tax Rate Public Hearing
September 7 @ 6:00 pm
NOTICE OF PUBLIC HEARING
Pursuant to KRS 132.027, the City of Bellevue will hold its public hearing on the 7th day of September 2023, at 6:00 p.m. The meeting will be held at 322 Van Voast Avenue, (the Callahan Community Center) for the purpose of hearing comments from the public regarding the institution of proposed tax rates for the 2023-2024 fiscal year.
As required by law,
| Tax Rate | Revenue | |
| (Per $100.00 of Assessed Value) | ||
| Preceding Year’s Rate & Revenue Generated | .380 (Real)
.626 (Personal) |
$1,709,473.13
$157,777.14 |
| Tax Rate Proposed & Revenue Expected | .398 (Real)
.716 (Personal) |
$1,848,629.29
$170,636.93 |
| Compensating Rate & Revenue Expected | .383 (Real)
.689 (Personal) |
$1,778,957.33
$164,202.30 |
| Expected Revenue Generated from New Property | $ – 0 – | |
| Expected Revenue Generated from Personal Property | $170,636.93 |
The City of Bellevue proposes to exceed the compensating tax rate by leving a real property tax rate of .398 (per $100.00 of assessed value) and a personal property tax rate of .716 (per $100.00 of assessed value). The excess revenue generated will be utilized for the following purposes: General Fund for governmental purposes.
THE KENTUCKY GENERAL ASSEMBLY HAS REQUIRED PUBLICATION OF THIS ADVERTISEMENT AND THE INFORMATION CONTAINED HEREIN.
Charlie Cleves, Mayor
City of Bellevue
Publication Dates: August 24, 2023
August 31, 2023
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