Commissioners approve property tax rates for fiscal year 2026

During a special called meeting Monday night, Paducah's Board of Commissioners approved an ordinance for the property tax rates for fiscal year 2026.

Commissioner Dujuan Thomas cast the lone no vote, but the ordinance set the real estate tax levy is set at 27.1 cents per $100 assessed value, slightly higher than last year’s rate of 26.4 cents.

The City’s Compensating Rate, the rate that would keep the revenue at the same amount as last year, is 26.1 cents per $100 assessed value.  Taking the 27.1 rate rather than the compensating rate will generate $257,000 in revenue.