During Monday’s Trigg County Fiscal Court session, magistrates unanimously opted to keep the 2021 compensating tax rate at 8.2 cents per $100 valuation of property.
In fact, none of the tax rates changed across the board. County real estate: 8.0 cents. County tangible personal property: 11.43 cents. Motor vehicles: 9.4 cents. Watercraft: 10.0 cents. Public service real estate: 10.0 cents. Public service motor vehicles: 9.4 cents. Public service watercraft: 10.0 cents. Ambulance district real estate: 10.0 cents. And ambulance district real estate: 10.0 cents.
Following this adoption, gross estimated receipts for Trigg County and its 2021-22 fiscal year come to nearly $9.4 million. And the county’s valued assessment — including public service companies — is just north of $960 million.
District 1 Magistrate Mike Wright noted the county’s tax code hasn’t changed very much in the last 25 years, and Judge-Executive Hollis Alexander agreed.
Following its publication in local newspapers, a second reading of the tax levy will be heard when the court reconvenes on September 7, following Labor Day.
