2014 Kentucky Revised Statutes CHAPTER 160 - SCHOOL DISTRICTS 160.473 Limits for district board of education on personal property tax rates -- Public hearing and recall not applicable.
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160.473 Limits for district board of education on personal property tax rates
-- Public hearing and recall not applicable.
(1)
(2)
In the event that a general tax rate applicable to real property levied by a
district board of education will produce a percentage increase in revenue from
personal property less than the percentage increase in revenue from real
property, the district board of education may levy a general tax rate applicable
to personal property which will produce the same percentage increase in
revenue from personal property as the percentage increase in revenue from
real property; however, in no event shall the general tax rate levied by the
district board of education applicable to personal property exceed the prior year
general tax rate applicable to personal property levied by the respective district
board of education.
The general tax rate applicable to personal property levied by a district board
of education under the provisions of subsection (1) of this section shall not be
subject to the public hearing provisions of KRS 160.470(7) and to the recall
provisions of KRS 160.470(8).
Effective:July 14, 2000
History: Amended 2000 Ky. Acts ch. 389, sec. 11, effective July 14, 2000. -Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. III, sec. 109, effective July
13, 1990. -- Created 1982 Ky. Acts ch. 397, sec. 7, effective July 15, 1982.
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