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Martin County raises property tax rate to offset service cuts
BY ROGER SMITH MOUNTAIN CITIZEN INEZ — The Martin County Fiscal Court approved a property tax increase for 2024, raising the real property tax rate from 11.5 to 12.1 cents per $100 of assessed value, a 5.2% increase. The measure, expected to generate $372,646 in revenue, passed in a 3-0 vote Tuesday with District 4…
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Kentucky’s real property tax rate drops for fourth consecutive year
FRANKFORT — Kentucky’s real property tax rate has dropped for the fourth consecutive year, decreasing to 10.9 cents per $100 of assessed value in 2024, Gov. Andy Beshear announced Thursday. State law requires the Kentucky Department of Revenue to set the real property rate no later than July 1 of each year. The tax rate…
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Martin County advertises hearing on tax rate, approves loans for Riverside residents
BY ROGER SMITH MOUNTAIN CITIZEN INEZ — Martin County Fiscal Court announced a public hearing on the real property tax rate, approved HUD loans for Riverside residents and advanced several development projects in a meeting Thursday. The court voted to advertise a public hearing on the real property tax rate for 1 p.m. Oct. 12…
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BOE retains current property tax rate for 2024
BY ROGER SMITH MOUNTAIN CITIZEN INEZ — The Martin County Board of Education declared its decision to maintain the existing property and motor vehicle tax rates for the upcoming year. The real and personal property rate will continue at 84.6 cents for every $100 of assessed value. The motor vehicle tax rate will stand at…
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Martin County opens property tax roll for public inspection
CITIZEN STAFF REPORT INEZ — Martin County residents looking to appeal their real property assessment have a two-week window that started Monday to request a conference with officials from the Martin County Property Valuation Administrator’s (PVA) office. Bobby Hale Jr., the Property Valuation Administrator, has officially announced that the county’s real property tax roll will…