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About 63.5% of all property taxes go to the schools, according to city officials. Among the several recipients, the state receives 9.4% of property taxes while the Lexington general fund receives ...
The Lexington-Fayette Urban County Council voted unanimously to keep an increase in property tax revenue at 4% by rolling back the rate.
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Lexington is a consolidated city coterminous with and the county seat of Fayette County, Kentucky, United States.As of the 2020 census the city's population was 322,570, making it the second-most populous city in Kentucky (after Louisville), the 14th-most populous city in the Southeast, and the 59th-most populous city in the United States.
Fayette County is a county located in the central part of the U.S. state of Kentucky and is consolidated with the city of Lexington. As of the 2020 census, the population was 322,570, [1] making it the second-most populous county in the commonwealth. Since 1974, its territory, population and government have been shared with Lexington. [2]
State. Effective Tax Rate. Average Home Value. Average Tax on Average Value Home. Average Tax on Median Value U.S. Home ($420,321*) Alabama. 0.42%. $265,811
The Lexington-Fayette metropolitan area is the 109th-largest metropolitan statistical area (MSA) in the United States.It was originally formed by the United States Census Bureau in 1950 and consisted solely of Fayette County until 1980 when surrounding counties saw increases in their population densities and the number of their residents employed within Lexington-Fayette, which led to them ...
A final vote on the tax is coming at the end of August.