There is a newer version of this Section
2022
2021
2020
2019
2018 (you are here)
Other previous versions
View our newest version here

2018 Kentucky Revised Statutes
CHAPTER 91A - FINANCE AND REVENUE OF CITIES
.210 Definitions for KRS 91A.200 to 91A.290.

Universal Citation: KY Rev Stat § 91A.210 (2018)
Previous Next

Download as PDF
91A.210 Definitions for KRS 91A.200 to 91A.290. As used in KRS 91A.200 to 91A.290, unless the context otherwise requires: (1) "Improvement" means construction of any facility for public use or services or any addition thereto, which is of special benefit to specific properties in the area served by such facility; (2) "Property" means any real property benefited by an improvement; (3) "Special assessment" or "assessment" means a special charge fixed on property to finance an improvement in whole or in part; (4) "Fair basis" means assessed value basis, front foot basis, square foot basis or benefits received basis; (5) "Assessed value basis" means the apportionment of cost of an improvement according to the ratio the assessed value of individual parcels of property bears to the total assessed value of all such properties; (6) "Front foot basis" means the apportionment of cost of an improvement according to the ratio the front footage on the improvement of individual parcels of property bears to such front footage of all such properties; (7) "Square foot basis" means the apportionment of cost of an improvement according to the ratio the square footage of individual parcels of property bears to the square footage of all such property; (8) "Benefits received basis" means the apportionment of cost of an improvement according to equitable determination by the city legislative body of the special benefit received by property from the improvement, including assessed value basis, front foot basis, and square foot basis, or any combination thereof, and may include consideration of assessed value of land only, graduation for different classes of property based on nature and extent of special benefits received, and other factors affecting benefits received; and (9) "Cost" means all costs related to an improvement, including planning, design, property or easement acquisition and construction costs, fiscal and legal fees, financing costs, and publication expenses. History: Created 1980 Ky. Acts ch. 234, sec. 2, effective July 15, 1980.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.