92.305 Abandoned urban property in urban-county government and city of home

221 words·~1 min read·/ky/92-305

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

rule class -- Separate rate of taxation.

(1)Any urban-county government or city of the home rule class which finds and

declares that there exists abandoned urban property as defined in KRS 132.012

within the urban-county government or city, or which finds that there exists blighted

or deteriorated property pursuant to KRS 99.700 to 99.730, may levy a separate rate

of taxation on abandoned urban property pursuant to KRS 132.012.

(2)Prior to levying a tax upon abandoned urban property, the legislative body of the

urban-county government or the city of the home rule class shall delegate to the

vacant properties review commission, if established pursuant to KRS 99.710, or

another department or agency of the urban-county or city government, the

responsibility of determining which properties within the urban-county government

or city are abandoned urban properties. A list of abandoned urban properties shall

be furnished to the county property valuation administrator prior to the date fixed

for the annual assessment of real property within the county. If a property classified

as abandoned urban property is repaired, rehabilitated, or otherwise returned to

productive use, the owner shall notify the urban-county government or city which

shall, if it finds the property is no longer abandoned urban property, notify the

property valuation administrator to strike the property from the list of abandoned

urban properties.