Notice of Public Hearing Tax Rate

Monday, September 12, 2022

NOTICE OF PUBLIC HEARING: Pursuant to KRS 132.027, as amended by the Kentucky General Assembly Extraordinary Session of 1979, the City of Newport, KY will hold a Public Hearing on Monday, September 19, 2022 at 7:00 p.m. local time in the Multi-Purpose Room of the Newport City Building, 998 Monmouth Street, to hear comments from the public regarding a proposed real estate tax rate of $2.74 per $1,000 valuation and proposed personal property tax rate of $2.74 per $1,000. As required by law, this includes the following information:


Tax Rate Per $1000 Assessed Valuation


Preceding Year Tax Rate and



Real Property Revenue



Tax Rate Proposed for 2022 and



Expected Real Property Revenue



Compensating Tax Rate and



Expected Real Property Revenue



Revenue Expected from



New Real Property



Tax Rate Proposed for 2022 and



Expected Personal Property Revenue




All revenues in excess of the amounts generated in 2022 will be allocated to all City operating departments and divisions, including: Police, Fire/EMS, Public Works, Recreation, Code Enforcement, and General Administration.

Posted at 998 Monmouth and on on 9/6/22. Scheduled for advertisement in the Kentucky Enquirer on 9/6/22 and 9/12/22.

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