PUBLIC NOTICE
2026 PROPOSED TAX RATE
PUBLIC HEARING
The City of Taylorsville City Commission will hold a Public Hearing on October 22, 2026, at 6:00 p.m. at the Spencer County Extension Office, 100 Oak Tree Way, Taylorsville, KY 40071 for the purpose of obtaining public comment on the proposed property tax rate and tax ordinance.
The tax rate levied last year for Real Property was 11.60 cents per $100 of assessed value and produced revenues in the amount of $243,046. This year’s compensating rate is 11.30 cents per $100 of assessed value and would produce revenues in the amount of $246,556. The City of Taylorsville City Commission proposes to maintain the current tax rate of 11.60 cents per $100 of assessed value, which will produce revenues totaling $253,102. Revenue expected from new real property is $10,056.
The City Commission has proposed maintaining the current personal property tax rate of 7.15 cents per $100 assessed value. Revenue expected from personal property is $5,882.
Revenue received in excess of last year’s amount will be used for general government expenditures. The Kentucky General Assembly requires that the City of Taylorsville City Commission publish this notice along with the above information.
