160.473 Limits for district board of education on personal property tax rates --
166 words·~1 min read·
/ky/160-473A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Public hearing and recall not applicable.
(1)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.
(2)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).