Todd Fiscal Court on Friday morning approved an ordinance keeping the property tax rate the same and approved an incentive plan for Delavan Pumps as they move into the old Marsh Building in Elkton.
Todd County will rebate half of the revenue from the 1 percent occupational tax created by the 30 new jobs at Delavan for the next 10 years, with Judge-Executive Todd Mansfield saying the City of Elkton has committed to doing the same to meet the state’s matching requirement.
Judge Mansfield says there was no reason to raise the county’s property tax rate of 9.9 cents per $100 of assessed value, as the county is currently is able to meet all of its budget obligations leaving it the same.
None of the county’s taxing rates changed under the ordinance that was approved unanimously during the special-called meeting.