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  • Owensboro, Kentucky 42301
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Pages
  • 1
    • Budget Basics
  • 2
    • Local Tax Rate Summary
  • 3
    • Did You Know?
  • 4
    • Comparisons of Local Tax Burden
  • 5
    • Differences in Services
  • 6
    • Is tax fairness a problem in our community?
  • 7
    • Discussion Questions
  • 8
    • For More Information / To Get Involved / Share Your Views

What about fairness?

Local tax structure has many inequities

by Rodney Berry

Comparisons of Local Tax Burden Owensboro-Daviess County 2006

Assumptions:

  • Married couple earns $50,000 in combined gross income at age 25 and receive a three percent annual raise through their 40-year working life. Both spouses work in the same area (either city or county).
  • The couple buys a $65,000 house at age 25. At age 40, they buy a $100,000 house.
  • The couple owns two $20,000 automobiles at age 25. Every 10 years, they replace their cars with vehicles that have an additional value of $5,000 each.
  • Occupational and property tax rates remain at the current level.

*Includes city and county occupational, real estate, personal property and school taxes. Does not include health, library, insurance and extension office taxes because those taxes are uniform throughout the city and county regardless of where one lives or works.

  Lives Works Schools Local Annual Taxes* Local Work Life Taxes
Couple A City City City 1,818 112,493
Couple B City City County 1,649 103,333
Couple C City County City 1,403 81,201
Couple D City County County 1,234 72,041
Couple E County City County 1,360 87,701
Couple F County County County 945 56,410
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