Erlanger will likely lower its property taxes for an eleventh year in a row, following discussions between City Council at its recent caucus meeting.
The recommended assessed rates for real property will be $0.244 per $100 of valuation ($2.44 per $1,000) and $0.178 per $100 of valuation for tangible property ($1.78 per $1,000).
Real property refers to real estate, including residential houses and business office buildings and facilities. Tangible property refers to movable assets that aren’t real estate.
How do property taxes work?
Property taxes are broken down into several categories. The first and usually largest chunk of your tax bill is real property tax, sometimes referred to as real estate property tax. This is essentially a tax on everything you own that’s nailed down. For residents, this means houses and other real estate property. For businesses, this means office buildings and other buildings and facilities used to conduct business.
Tangible personal property, on the other hand, is another form of property that isn’t real estate. Depending on where you live, residents may not be taxed on personal property at all–this will vary by jurisdiction.
Depending on where you live, other tax-adjacent fees may apply.
The proposed property tax rates are down from current rates, which stand at $0.247 per $100 of valuation for real property and $0.198 per $100 of valuation for tangible property.
According to Mayor Jessica Fette, real property tax values increased 1.4% from 2024, totaling $1.89 billion. Tangible property increased 11.5%, totaling $1.87 million.
Erlanger budgeted a combined $4.73 million in property tax revenues for fiscal year 2026. According to Fette, the new rates would exceed the city’s estimated revenues by more than $277,000.
If approved, the new property tax rates would go into effect by October. To move legislation along, City Council will have a special meeting on Aug. 26 to vote on a first reading, then have a second and final vote during its regular meeting on Sept. 2.
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