By: Ralph B. DavisManaging Editor
October 9, 2012
PRESTONSBURG — If your tax bill from the city of Prestonsburg looks a lot like last year’s, that would be because nothing has changed.
The city council gave final approval to an ordinance Monday night, setting this year’s tax rates. The ordinance calls for the rates to remain the same as last year — 23.3 cents per $100 of assessed value for real property, and 41.33 cents per $100 of assessed value for personal property.
Following a meeting two weeks ago, when the council first considered the rates, Mayor Jerry Fannin said when the city received its tax information from the state, both the rate and the amount of money the tax would bring in were identical from last year.
“Obviously, the assessment didn’t change from last year,” Fannin said.
The ordinance received unanimous consent from the council.
In other action at Monday’s meeting, the council also approved a revised agreement to participate in a drug task force with Operation UNITE. According to the resolution, the task force will “facilitate the cooperation of all state and local law enforcement agencies the entire 29-county region.”