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City increases property tax rate

City of Pikeville officials gave the green light to increase the City’s property tax rate by about 25¢ per $100 of assessed value in an effort to fund paving main city streets. Mayor Philip Cagle previously stated the increase would bring in about $100,000 to use for paving.

During a public hearing Monday evening, August 8, no one present offered input for or against the proposed increase. The new property tax rate will be $1 per $100 of assessed value.

For more see the August 11 issue of The Bledsonian Banner.

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