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Morganfield City Council Approves 2nd Reading of 2016 Property Tax Rates

Morganfield City Council Approves 2nd Reading of 2016 Property Tax Rates

Bill Stephens

September 9th, 2016

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It took less than five minutes for city councilmen to approve the second reading of an ordinance setting the real, personal, motor vehicle and watercraft property tax rates for 2016.

During a special called meeting Thursday night, Morganfield City councilmen unanimously approved the General Fund levied tax of $.539 for real property and $.5974 for personal property on each $100.00 worth of taxable property within the city limits of Morganfield as of the assessment date of January 1, 2016.

Councilmen also unanimously approved the General Fund levied tax of $.602 per $100.00 of assessed valuation upon motor vehicles and watercraft within the City of Morganfield for the calendar year 2016.
Councilmen Justin Wolfe and Rick Wyatt were absent from the special called meeting.

The next regularly scheduled Morganfield City Council meeting will be at 5:00 p.m., Thursday, September 22, 2016 at City Hall.

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