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133.110 Correction of clerical errors in assessment.
(1)
(2)
After submission of the final real property recapitulation or certification of the
personal property assessment, the property valuation administrator may correct
clerical, mathematical, or procedural errors in an assessment or any duplication of
assessment. Changes in assessed value based on appraisal methodology or opinion
of value shall not be valid. All corrections shall be reviewed by the Department of
Revenue and those changes determined by the department to be invalid shall be
rescinded. Any taxpayer affected by this rescission shall not be subject to additional
penalties.
Notwithstanding other statutory provisions, for property subject to a tax rate that is
set each year based on the certified assessment, any loss of property tax revenue
incurred by a taxing district due to corrections made after the tax rate has been set
may be recovered by making an adjustment in the tax rate to be set for the next tax
year.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 230, effective June 20, 2005. -- Amended
1992 Ky. Acts ch. 263, sec. 6, effective July 14, 1992. -- Amended 1978 Ky. Acts
ch. 384, sec. 263, effective June 17, 1978. -- Repealed in part 1942 Ky. Acts ch. 131,
sec. 32. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from
Ky. Stat. secs. 4128, 4250.
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