Lexington, Ky. – The City of Lexington has introduced a proposal for a new property tax aimed at enhancing local parks. If approved, the tax would impose an additional $0.0225 per $100 assessed on all real taxable property, translating to an approximate annual cost of $53 for the average homeowner.
This initiative aims to raise funds specifically for capital improvements in the city’s parks, excluding allocations for salaries or the operational expenses of parks and recreation staff. The tax is set to take effect on January 1, 2025, contingent upon voter approval.
Supporters of the tax, including local residents, argue that the cost is manageable, equating it to a typical dinner out. “That’s fine… this is something that will benefit the whole community,” stated local voter Victor Vallastero. Susan Houck echoed this sentiment, adding, “Since it’s going to be such a minimal amount per household, $53 or less, yes, we will. We’re in favor of it because we enjoy the parks.”
However, not all feedback has been positive. Resident Ken Kitchen expressed reservations, noting the increased financial strain amidst rising property taxes. “Property taxes have gone up, and therefore, our property tax bills have all gone up, and it seems like I don’t know about the timing. I support it. I don’t know about the timing,” Kitchen said.
Opposition has also emerged from the Great Historic Black Neighborhood Associations, which argue that the tax could place an undue burden on families already facing economic challenges. They criticized local government for perceived inequities in funding parks within low-income neighborhoods, raising questions about the reliability of future investment in those areas.
As residents prepare for the upcoming vote, the debate continues on the merits and potential impacts of this new tax, balancing community benefits against financial pressures on homeowners.
