Louisville City Wire

Property Tax Hearing & Request for Public Comment

Date and time: Monday, August 8, 2022 at 6:30 PM

Steel Technologies Building

The 700 Room, 1st Floor

700 North Hurstbourne Parkway

Louisville, KY 40222

The City of Bellemeade is proposing a 2022 tax rate of 6.6 cents per $100.00 valuation of real property.  This is the exact same property tax rate of 6.6 cents per $100.00 valuation as we had last year in 2021. In 2021, the city received $59,640 in real property tax revenue. In 2022, under the proposed same 6.6 cents per $100 of value rate, we expect to receive $72,349.85 in real property tax revenue.   If the city wanted to generate the exact amount of revenue as we generated last year, we would have to lower the rate to 5.5 cents per $100.00 valuation. The additional revenue generated by the 2022 tax rate will be used in part to increase the salaries of our city clerk and city treasurer.  (The Mayor and Commissioners remain unpaid).   Also, we expect all of our standard city expenditures to increase as a result of inflation.   This includes road repairs, police patrols, utilities, and landscaping.  The purpose of the hearing will be for the public to comment on the proposed taxation. The General Assembly pursuant to KRS §132 .027 requires this public notice. 

Regular Meeting Agenda

Monday, August 8, 2022 7:00 pm

700 North Hurstbourne Parkway

Louisville, KY 40222

Reports – Each Report Will be Followed by Comments from Each Commissioner Who Wishes to Speak.

• Treasurer’s Report and Adoption
• Mayor’s Report – James Martin
  • No Working Meeting Was Held August 1, 2022 as Mayor Martin was out of town.
  • Bellemeade City Election will occur November 8, 2022 –The last day to file a declaration of intent to be a write-in candidate is Friday, October 28, 2022
  • Neighbor Barry Blalock would like to speak with the commission about cash savings options- may come to September meeting.
  • American Rescue Plan Funding Update – total amount of  $132,864.00 as part of the American Rescue Plan Act (ARPA).    The Bellemeade Commission wants input on how those funds should be spent.  All costs must be incurred by December 31, 2024.  Eligible uses are now greatly expanded since there is now a presumed amount of lost revenue up to $10,000,000 for each city.  Cities can use their full amounts for traditional governmental services. 

We may not use the funds for:

• Pay for debt service or financing expenses
• Replenish financial reserves (e.g., rainy day fund)
• Satisfy obligations under a settlement agreement, judgment, consent decree, or debt restructuring
• Violate existing federal, state, or local laws; regulations; or the intent, terms, and conditions of ARPA

Reporting Requirement

Current Commission Discussions Have Focused on: 

• Drainage Ditch clearing behind South Hamptom – issue include liability and resident permission to enter onto their property.
• Partial Reimbursement for Resident Home Camera Installation
• Updating the streetlights – LED and adding more between.
• Police security increase.
• Tree Planting
• Commissioner Reports
  • Public Lands –
  • Public Works –
  • Public Safety –  
  • Public Events –
  • Yard Sale  – 8/20/22

Public Comments – In Accordance with Commission Rules

New Business –

• First Reading of Property Tax Ordinance (Keeping Tax Rate Same As Last Year)
• Discussion, Consideration, and Possible voting on Property Tax ordinance
• Discussion of Virtual or Physical Meeting Location Date for future Meetings  –
• Adjournment –

Original source can be found here.