News Column

City of Henderson to set property tax rate on Tuesday

August 24, 2014

By Frank Boyett, The Gleaner, Henderson, Ky.



Aug. 24--HENDERSON, Ky. -- When the Henderson City Commission meets Tuesday it will consider setting its tax rate this year, and from all indications it will take the compensating rate that is 1.6 cents higher per $100 valuation.

City Manager Russell Sights in his cover memo notes that the commission had informally agreed to take the compensating rate during preparations for the 2014-15 city budget. That would raise the city's rate on real estate from 56.1 cents per $100 valuation to 57.7 cents per $100 valuation.

The compensating rate is geared to bring in roughly the same amount of money as the tax rate of the previous year. In this case, there is a difference of $261,167. To determine how that new rate would affect your tax bill, add $1.60 for every $10,000 your property is assessed.

Local governments also have the option of setting a tax rate that will bring in no more than a 4 percent increase in revenues from the previous year. That requires holding a public hearing. In this case, it would mean the city's tax rate would go up 3.9 cents, per $100, bringing in $518,188 in additional revenue.

The 4-percent increase would add to your tax bill $3.90 for every $10,000 the property is assessed.

Any rate set over the 4-percent limit is subject to voter recall.

The city commission meeting will begin at 5:30 p.m. Tuesday in the top-floor meeting room of the Henderson Municipal Center. Other items on the agenda include:

Vision plan

The commission will consider hiring TSW Design Group of Louisville to write a plan for Henderson's future, as well as update the community's Comprehensive Plan, which guides all land use decisions in the county. The process will take about seven months and the firm will be paid $84,890.

Bonds

The commission will consider final reading of an ordinance authorizing the issuance of $8 million of bonds for the Henderson Water Utility, which will be used for various upgrades of its systems.

1725 Washington St.

The commission will consider selling the property to Tommy Tapp for $700. He was the high bidder for the land, which is crossed by the easement for a large sewer line. Henderson Water Utility bought the property in 2010 to build the sewer line and had no further use for it.

Utility easements

The commission will consider final reading of an ordinance prohibiting the placement of permanent structures like retaining walls or swimming pools over easements for public utilities. Fences, landscaping, patios or decorative features would all be allowed, but with the understanding that the homeowner would have to bear the cost of their replacement if they needed to be moved.

Excavations

The commission will consider final reading of an ordinance setting up a permit schedule for contractors making street cuts to install new utilities.

Trenchless

The commission will consider final reading of an ordinance requiring contractors to work more closely with the city so they don't interfere with existing utilities when they bore underneath city streets to install new wires or pipes.

Meter readers

The commission will consider awarding a contract worth $29,761 to United Systems of Benton to provide hand-held meter reading devices. They will replace units that date from 2007.

Janitor services

The commission will consider awarding a contract worth $1,995 a month to Frantz Building Services of Owensboro to clean the Public Safety Building at the cloverleaf. The contract can be renewed for an additional year if both parties agree.

Litter

The commission will consider participating in the state's 2015 litter abatement program, which will provide the city with funding that will be determined later by population and street miles.

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(c)2014 The Gleaner (Henderson, Ky.)

Visit The Gleaner (Henderson, Ky.) at www.courierpress.com/news/gleaner

Distributed by MCT Information Services


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Source: Gleaner, The (Henderson, KY)


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