2014 Kentucky Revised Statutes CHAPTER 107 - MUNICIPAL IMPROVEMENTS -- ALTERNATE METHODS 107.130 Assessment against benefited properties -- Determination of assessment ratio -- Special assessment.
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107.130 Assessment against benefited properties -- Determination of
assessment ratio -- Special assessment.
The sum required annually for the sinking fund and consequent amortization of the
outstanding bonds of a wastewater collection project undertaken by a metropolitan
sewer district, whether all authorized bonds have been issued or not, shall be
assessed against the benefited properties for benefits conferred. The sum shall
include any amounts required annually to pay trustees' fees, paying agents' fees,
cost of administration of the wastewater collection project, and the cost of billing,
collecting and enforcing improvement benefit assessments, including fees of proper
governmental bodies incident to placing assessment bills on tax statements, and
collecting, enforcing and remitting same. If the board of a metropolitan sewer district
in relation to a wastewater collection project has determined that all benefited
properties within classified zones are substantially equally benefited, the same
assessment levy shall be made against each benefited property within a classified
zone. Otherwise the sum required to be raised annually for the sinking fund shall be
assessed against the property benefited in the proportion that the assessed value of
each lot or parcel for city taxation shall bear to the whole assessed value of the
benefited properties, as shown by the records upon which city taxation may, from
time to time, be based. Where there is no such record, as in the case of public
property, or property owned by religious, charitable, or educational institutions, the
same (except that owned by the United States government) shall be specially
assessed by the proper assessing officers, and for such special assessment
reasonable compensation may be made. Any such special assessment shall be
subject to all procedures for equalization and judicial review as may be provided by
law in connection with ordinary assessments.
History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 13, sec. 19. -- Created
1956 Ky. Acts ch. 239, sec. 13.
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