Cincinnati, OH, September 11, 2026 — Ludlow, Kentucky, is evaluating potential adjustments to its property tax rates for the upcoming 2026-27 fiscal year, with city officials presenting three distinct options for consideration. The proposals were introduced during a first reading led by Mayor Sarah Thompson.

The city council is exploring different tax rate scenarios, all anchored to the concept of the compensating rate. The compensating tax rate is the rate that would produce the same amount of revenue from the same tax base as the preceding year. The options presented suggest potential increases from this baseline: a 0% increase, a 2% increase, or a 4% increase.

The details surrounding the specific tax rates corresponding to these percentage increases were not immediately available, nor were the proposed actual millage rates for each option. The presentation marks an initial step in the deliberative process for the city’s budget and revenue planning for the fiscal year beginning in 2026. Further readings and discussions are anticipated as the council moves toward a final decision on the property tax structure.

Mayor Sarah Thompson presided over the presentation of these options to the city council. The timeline for subsequent readings or the final adoption of a property tax rate for the 2026-27 fiscal year was not specified in the initial announcement.


Story summarized from the original created by Robin Gee on linknky.com, see more information here.

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