2011 Kentucky Revised Statutes CHAPTER 92 FINANCE AND REVENUE OF CITIES OTHER THAN THE FIRST CLASS 92.305 Abandoned urban property -- Separate rate of taxation.
KY Rev Stat § 92.305 (1996 through Reg Sess) What's This?
92.305 Abandoned urban property -- Separate rate of taxation.
(1)
(2)
Any city of the second to the sixth class which finds and declares that there exists
abandoned urban property as defined in KRS 132.012 within the city, or which
finds that there exists blighted or deteriorated property pursuant to KRS 99.705 to
99.730, may levy a separate rate of taxation on abandoned urban property pursuant
to KRS 132.012.
Prior to levying a tax upon abandoned urban property, the legislative body of a city
of the second to the sixth class shall delegate to the vacant properties review
commission, if established pursuant to KRS 99.710, or another department or
agency of city government, the responsibility of determining which properties
within the city are abandoned urban properties. A list of abandoned urban properties
shall be furnished to the county property valuation administrator prior to the date
fixed for the annual assessment of real property within the county. If a property
classified as abandoned urban property is repaired, rehabilitated, or otherwise
returned to productive use, the owner shall notify the city which shall, if it finds the
property is no longer abandoned urban property, notify the property valuation
administrator to strike the property from the list of abandoned urban properties.
Effective: July 13, 2004
History: Created 2004 Ky. Acts ch. 76, sec. 1, effective July 13, 2004.
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