Library lowers tax rate for 2020, presents budget

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The Nelson County Public Library’s board  of trustees has lowered its tax rate for the fiscal year that began July 1.

Library Director Sharon Shanks presented the tax rate, her budget and annual report to the Fiscal Court at its meeting Tuesday morning.

Last Thursday, the board of trustees lowered the tax rate on real and personal property from 7.7 cents per $100 of assessed value to 7.4. 

Since 2017, it has fallen by half a cent per hundred.

That’s because of new development and increased property values. 

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