LaRue County Fiscal Court approved a compensating tax rate of 16.5 cents per $100 of assessment at its meeting Tuesday at the courthouse in Hodgenville.
Although higher than the 15.8 cents levied last year, County Judge-Executive Tommy Turner expects the new rate to bring in less money.
“There are several factors that account for this, but two of the bigger ones are homestead exemption and motor vehicle valuation,” Turner said.
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