Louisville residents will soon see their property taxes increase.The Louisville Metro Council approved a 4 percent increase in property tax revenue when it passed this year's budget in June, but was waiting on state approval of new property value assessments to figure out how much to raise individual rates.The state approved the new assessments last week, so an ordinance was filed Monday night to make the rate hikes official.Jefferson County residents will see their property tax rise by $2.30 for every $100,000 in property value. Urban services district residents will see a $3.70 hike for every $100,000.The Metro Council has 45 days after the state approval to pass the new property tax ordinance, budget chair of the Metro Council Bill Hollander said.Metro Louisville's property tax rates are still lower than they were before merger, Hollander said. In 2003, the first year of a merged city-county government, the rate was 12.80 cents in the county and 37.43 cents in the urban services district, according to figures he provided.

Louisville residents will soon see their property taxes increase.

The Louisville Metro Council approved a 4 percent increase in property tax revenue when it passed this year's budget in June, but was waiting on state approval of new property value assessments to figure out how much to raise individual rates.


The state approved the new assessments last week, so an ordinance was filed Monday night to make the rate hikes official.

Jefferson County residents will see their property tax rise by $2.30 for every $100,000 in property value. Urban services district residents will see a $3.70 hike for every $100,000.

The Metro Council has 45 days after the state approval to pass the new property tax ordinance, budget chair of the Metro Council Bill Hollander said.

Metro Louisville's property tax rates are still lower than they were before merger, Hollander said.

In 2003, the first year of a merged city-county government, the rate was 12.80 cents in the county and 37.43 cents in the urban services district, according to figures he provided.