| COVINGTON, Ky. – The Kenton County Fiscal Court unanimously voted on Tuesday, Aug. 26, to reduce the real property tax rate by 8%. This is the fifth consecutive year the Fiscal Court has cut its tax rate. Kenton County reduced its real property tax rate to 11.5 cents per $100 of valuation from 12.5 cents. It is the lowest County tax rate since 1983. This means a resident whose home is valued at $275,000 would pay the County just $316.25 on their property tax bill. (The Fiscal Court does not set rates for other taxing agencies, including school districts, health department, library, fire protection districts, etc.) “For the fifth year in a row, Kenton County is lowering property tax rates — and doing so with the expectation of collecting less in property tax revenue even when factoring in new construction,” Judge/Executive Kris Knochelmann said. “This milestone didn’t happen overnight. It’s the result of years of disciplined financial management, thoughtful policy decisions and a clear commitment to living within our means while delivering high-quality services to our residents.” Commissioner Beth Sewell: “Setting the property tax rate is one of the most important decisions the Fiscal Court makes each year. It’s not just a number — it directly affects our residents’ wallets. We’re fortunate to once again be in the position where we can confidently lower our rate.” “Keeping property taxes low is a fundamental way we can help make Kenton County a place of choice for families looking for opportunity and community. By keeping taxes manageable, we ensure residents can enjoy quality services, strong schools and vibrant neighborhoods without feeling overburdened,” Commissioner Jon Draud said. “Residents trust us to make every tax dollar count. Being able to steadily reduce the County’s share of their property tax bill, while still delivering top-notch services, demonstrates we’re honoring that trust,” Commissioner Joe Nienaber said. The new tax rates are effective immediately and will be reflected on property tax bills mailed this October by the Kenton County Sheriff’s Office. |
Cincinnati Gazette 