Meeting in special session on Monday, the Russell Springs
City Council passed their yearly ad valorem tax ordinance with no change from
last year.
For motor vehicles and watercraft, the rate is .1700 cents
on each $100 of assessed valuation. For real property, the rate is .1660 cents
on each $100, for other personal property, the rate is .1680 cents per $100.
All taxes received by November 30th will receive a two percent
discount. A penalty of 12 percent will be assessed on all taxes deemed delinquent
on or after December 31st.