Taxes in Florence
Florence's tax picture combines a real, current 2026 Boone County property tax cut with a real added city property tax layer, plus Kentucky's favorable flat state income tax.
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Learn moreA real, current 2026 county-level cut
Boone County reduced its real property tax rate to 8.2 cents per $100 of assessed value for 2026, down from 8.5 cents the prior year -- a real, disclosed, current reduction.
A real, disclosed added city layer
Florence's own Ownwell-cited effective property tax rate ran approximately 1.00% -- modestly above Kentucky's statewide range, reflecting that property owners in incorporated cities including Florence pay a separate city property tax layer plus a flat 911 fee on top of the county rate.
Kentucky's real 3.5% flat income tax
Kentucky's flat state income tax was cut to a real, dated 3.5% effective January 1, 2026, via 2022's House Bill 8 -- disclosed here as CONTINGENT on budget-reserve/revenue-growth triggers and legislative reenactment each cycle.
Key takeaways
- Boone County's real property tax rate was cut for 2026 (8.2 cents/$100, down from 8.5).
- Florence's own effective rate (~1.00%) runs modestly above Kentucky's statewide range due to an added city property tax layer.
- Kentucky's flat 3.5% state income tax (2026) applies statewide, though disclosed as contingent on budget triggers.
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