PUBLIC NOTICE
2024 PROPOSED TAX RATE
PUBLIC HEARING
The Graves County Fiscal Court will hold a public hearing on September 9, 2024 @ 9 a.m. at the Purchase Area Development District, 1002 Medical Drive, Mayfield, Ky for the purpose of obtaining comments from the public regarding the proposed tax rate.
The tax rate levied last year was 9.4 and produced revenues in the amount of $1,962,863.00. This year’s compensating rate is 9.0 and will produce revenues in the amount of $1,981,092.00. The Graves County Fiscal Court proposes a tax rate of 9.3 which will produce a total of $2,047,128.00 in revenues.
Revenue expected from New Property is $8,785.00; revenue expected from Personal Property is $431,030.00; revenue from Motor Vehicles is $414,092.00; revenue expected from Watercraft is $13,900.00.
Revenue received in excess of last year’s revenue will be used for: Public Safety
The Kentucky General Assembly requires that the Graves County Fiscal Court publish this notice with the above information contained herein.