The Cynthiana City Commission voted unanimously to set the city tax rate at 17.4 cents per $100 of assessed real estate, which is the compensating rate.
This year’s rate is the maximum allowable by the state without holding a public hearing. It will generate close to the same amount of revenue as last year’s 17.1 cents on every $100 assessment.
The city expects to receive $490,249 this year compared to last year’s $489,247.
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