ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 
























 
KY state real estate property tax remains same for 2017

Rate set by July 1 each year, as required by law. All of the revenue generated from the state property tax rate goes into the state’s General Fund.
Click on headline for complete story

By Glenn Waldrop
Kentucky Department of Revenue

FRANKFORT, KY (30 Jun 2017) - The Kentucky Department of Revenue (DOR) has set the 2017 State Real Property Tax Rate at 12.2 cents per $100 of assessed value, the same as the 2016 rate.

Kentucky Revised Statute 132.020 requires the DOR to set the real property rate no later than July 1 of each year. This rate is based on the revenue generated from the increase in taxable real property assessments from 2016 to 2017.

If the increase in revenue is more than 4% after the exclusion of both new property added to the tax roll during 2016 and property subject to Tax Increment Financing, then the prior year rate must be reduced.

However, the assessment increase for 2017 is estimated at 3.20%, which means the state rate will remain same. All of the revenue generated from the state property tax rate goes into the state’s General Fund.


This story was posted on 2017-07-01 04:20:30
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.


 

To sponsor news and features on ColumbiaMagazine, please use our contact form.

 

























 
 
Quick Links to Popular Features


 

ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Use the following link: http://www.columbiamagazine.com/columbiamagazinerss.php.

Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.
Phone: 270-250-2730 Fax: 270-751-0401


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia! Magazine and D'Zine, Ltd. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.