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Lebanon residents will see a 3.7 increase in their tax rate for 2013.
The Lebanon City Council voted 4-0 to approve the second reading of the ordinance setting the tax rate during a special-called meeting Sept. 11. Councilman Jay Grundy and John R. Mattingly were not present for that meeting.
The new tax rate for real and personal property will be 19.8 cents per $100 valuation. This is an increase over the 2012 rate of 19.1 cents per $100 valuation.
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