City OKs tax rate increase; revenue to be same

With very little discussion, the Cynthiana City Commission voted unanimously Tuesday to approve a 17.4 cent tax rate on every $100 of assessed real and personal property for property owners in the city.
Last year’s rate was 17.1 cents on every $100 assessment.
An example of the difference between the 2011 rate and the 2012 rate for city property owners is that if a home in Cynthiana was assessed at $100,000, the property owner paid $171 in 2011 and the owner will pay $174 on the $100,000 2012 assessment.

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