City's property tax rate remains stable

 Property tax bills for Hodgenville residents will remain stable this year.

City Council held first reading Monday of a tax ordinance with rates mirroring last year’s – .125 per $100 assessed value on real estate.

Some property values have decreased and real property values have increased about the same amount, said Mayor Terry Cruse. There will be between $100 and $200 difference in the amount brought in last year by the city.

About 400 city tax bills will be mailed out in late October. A 2 percent discount will apply if paid by Nov. 21. 

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