Paducah, KY – Paducah city commissioners last night approved an ordinance setting real estate and personal property tax rates for fiscal year 2010 at 25 cents per $100 of assessed value.
The approved rate is the same this year as it has been for the previous 2 years, but residents in the Paducah Independent School district will see an increase of half a cent. The tax bill on a house in that area assessed at $100,000 will go up $8.
In other commission news, commissioners agreed to review a General Fund report showing an over $1.2 million balance after the city's books were closed for the last fiscal year. At a workshop this past summer, commissioners decided to reserve the money for the firefighters' incentive pay overtime lawsuit and the city's police-fire pension fund.