The Elizabethtown City Council met for their first regular meeting of the month Monday.
The first readings were held on three ordinances setting city tax rates for 2025. The rate for all motor vehicles and watercraft will be 11.6 cents per $100 of assessed value and the franchise tax rate for all eligible bank deposits will be .025 percent, both of which are unchanged from last year. The rate for real and personal property will be 10.7 cents per $100 assessed value, which is down from 11 cents last year.
“At least I know going back to 2012, we have not increased any of our property tax rates,” said E-Town Finance Director Jeff Hawkins. “We’ve had some occupational tax increases, some other things, but property tax rates have not gone up. We have been very consistent with our property tax values, and in fact, in the last three or four years, we’ve lowered them twice now.”
Hawkins said the city generates most of its tax revenue from the occupational tax rather than the property tax.
The council approved a municipal order approving the bid from Huron, Ohio-based Breckenridge Kitchen Equipment and Design for the concession equipment for the outdoor music venue project. The $1,626,533 bid was selected from four submitted bids.
The Elizabethtown City Council will next meet September 22.
