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LaRue County magistrates, meeting at the courthouse in Hodgenville Aug. 12, set a 2013-14 tax rate of 18.65 cents per $100 real property assessment.
Tommy Turner, judge-executive, said the rate fell below the state recommendation of 20.1 cents and also below the 19.4 compensating rate. He explained to the court that the compensating tax produces an amount of revenue approximately equal to that produced in the preceding year from real property.
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