The Radcliff City Council met for a work session Monday evening.
The council discussed the city’s ad valorem taxes for the 2024-2025 fiscal year. Radcliff CFO Chance Fox said the city saw a jump in new property on the tax rolls, along with a significant increase in property values.
“Radcliff has $1.418 billion of assessed real property value,” Fox said. “Last year in 2023, it was $1.16 billion, so that’s an increase of $250 million in assessed value.”
Because of this increase, the city’s tax rate for real and personal property will decrease from last year’s rate of $1.47 per $1,000 assessed value to either the compensating rate of $1.23 per $1,000 assessed value or the 4 percent increase rate of $1.29 per $1,000 assessed value. Members of the council expressed support for the 4 percent increase in order to generate revenue for the city without impacting taxpayers. The 4 percent increase requires advertising and a public hearing, which the city will prepare.
In other meeting news, the council discussed the pursuit of a grant program through GameTime Playgrounds for a new playground at Dawley Park, and Council Member Terry Owens proposed an ordinance establishing a youth council for the city. Members of the council expressed support for both measures and will discuss them further.
The Radcliff City Council will next meet September 17.
