Council approves tax rates for 2012

The Lebanon City Council voted Monday to approve the second reading of an ordinance setting its tax rates for the 2011-12 fiscal year.

The real property tax rate is 18.4 cents per $100 valuation. This is an increase over the previous rate of 18 cents per $100 valuation.

The city's personal property tax rate is 20 cents per $100 valuation.

The new tax rates will become official once they are published.

In other business:

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