Mayor Announces: No Property Tax Increase
Monday August 5, 2013
Third straight year with no increase for residents
Mayor Greg Fischer will today present to Metro Council an ordinance that keeps the Metro Government real estate tax at the same level it has been since he took office in 2011.
“Louisville has, like most cities, faced serious fiscal challenges in the past few years,” Mayor Fischer said. “But I have remained determined to fix our structural budget issues by finding efficiencies, by cutting waste, by using technology, and by fostering economic growth.”
The Metro Government real estate tax for residents outside the Urban Services District remains at 12.55 cents per every 100 dollars of assessed valuation. The rate for those inside the Urban Services District is 49.21 cents per every 100 dollars of assessed valuation. Those who live inside the Urban Services District receive garbage pickup and other services through Metro Government that those living outside receive from smaller cities, or in other ways.
The ordinance will be presented by the Mayor’s Office and sponsored by Council Members Jim King, Marianne Butler, and Kelly Downard.