Tax Rates
FORT WRIGHT
PROPERTY TAX RATES |
2023 Tax Rates |
2022 Tax Rates |
2021 Tax Rates |
2020 Tax Rates |
2019 Tax Rates |
2018 Tax Rates |
2017 Tax Rates |
Real Property
(per $1,000 assessed) |
$2.48 |
$2.48 |
$2.65 |
$2.65 |
$2.79 |
$2.79 |
$2.83 |
Tangible Property
(per $1,000 assessed) |
$4.46 |
$3.80 |
$4.09 |
$4.09 |
$4.09 |
$4.09 |
$4.13 |
Waste Fee |
$216.00 |
$197.00 |
$197.00 |
$183.00 |
$183.00 |
$154.00 |
$154.00 |
Insurance Premium Tax |
8% |
8% |
8% |
8% |
8% |
8% |
8% |
Motor Vehicle Tax |
$0.1977 |
$0.1977 |
$0.1977 |
$0.1977 |
$0.1977 |
$0.1977 |
$0.1977 |
Payroll Tax
(Occupational License Tax) |
0.99% |
0.99% |
0.99% |
1.15% |
1.15% |
1.15% |
1.15% |
Insurance Premium Tax - This tax is billed on an individual's casualty; automobile; inland marine; and fire and allied perils insurance statements, as well as the first year of a new life insurance policy. The fee is paid to the insurance company, which in turn sends the funds to the City of Fort Wright. [FW Code of Ordinances §116, passed September 1984; amended October 1984; amended October 2012.]
All insurance companies operating in Kentucky have the option of charging a processing/transaction fee affiliated with the collection of Insurance Premium Taxes. Insurance companies are required to disclose the additional fee on the declaration page of the policy. The fee is established via KRS 91A.080(4) and 806 KAR 2:092 as follows: a reasonable collection fee may be charged and retained by the insurance company or its agent; the collection fee may not be more than fifteen (15) percent of the Local Government Premium Tax (LGPT) collected and remitted to the local government, or two (2) percent of the taxable premium, whichever is less; this fee is in addition to the LGPT payable.
Motor Vehicle Tax - Personal property taxes are collected on motor vehicles by the Kenton County Clerk as required by KRS 134.800 et seq., and then paid to the City of Fort Wright. Beginning January 1, 2024, the motor vehicle tax will be set at $0.02 per $100 of value. [FW Code of Ordinances §37.02, passed October 1994; amended october 2021; amended December 2022.]