98RS SB225


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SB 225/FN (BR 162) - G. Freeman

     AN ACT relating to property tax.
     Amend KRS 133.045 to require the property valuation administrator to mail a notice to each property owner in which the property tax assessment for the current year is greater than the prior year property tax assessment; amend KRS 133.120 to provide that the property owner may appeal the property tax assessment to the small claims court or sale the property to the Commonwealth at 80% of the assessed value listed by the property valuation administrator; amend KS 131.340 to provide that real property tax appeals be decided within 12 months; create a new section of KRS Chapter 24A to provide for administrative procedures for the clerk of the small claims court; amend KRS 24A.340 to provide for appeals of real property tax decisions; create a new section of KRS Chapter 133 to provide for reimbursement of expenses incurred by property owners in appeals; create a new section of KRS Chapter 133 to provide for the listing of property by the property valuation administrator at its sales price; KRS 132.460; EFFECTIVE JANUARY 1, 1999.


     SCS/FN/LM - Retain the original provisions and provide that a person may appeal to either the small claims division of the District Court or the Board of Tax Appeals after an appeal to the county board of assessment appeals.
     SCA (1, G. Freeman) - Amend to delete the state purchase of property at 80% of the assessed value.
     SFA (2, G. Freeman) - Delete the provision that notices be mailed by certified mail.

     Jan 28-introduced in Senate
     Jan 29-to Appropriations and Revenue (S)
     Feb 26-reported favorably, 1st reading, to Calendar with Committee Substitute and Committee Amendment (1)
     Feb 27-2nd reading, to Rules
     Mar 4-floor amendment (2) filed to Committee Substitute
     Mar 6-recommitted to Appropriations and Revenue (S)

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