Paducah Board Officials Approve Property and Real Estate Tax for 2020

Paducah, Kentucky’s real estate tax levy will be different in the next fiscal year. City officials say, the Paducah Board of Commissioners approved an ordinance on the real estate and personal property taxed for fiscal year 2020. At a city meeting on Sunday September 9, 2019 a property tax levy public hearing was held. Due to an ordinance the city’s real estate tax will be set at 26.7 centers per $100 assessed value for next year. City officials said this is a 2.3 percent change compared to the fiscal year 2019 rate of 26.1 cents. Officials also said the revenue generated by the property tax is the city’s second highest revenue source behind the payroll tax. City officials also noted that at the Sept. 16 meeting of the boards of Education, the tax levy was set at 86.4 cents per $100 of assessed value. The changes approved at this meeting increase the city’s contract with Tyler Technologies by $187,600.

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