91.285 Taxation of abandoned urban property by city of the first class.

195 words·~1 min read·/ky/chapter-91/91-285

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

(1)Any city of the first class which finds and declares that there exists abandoned

urban property as defined in KRS 132.012(1) within the 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).

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

of the first class shall delegate to the vacant properties review commission, if

established pursuant to KRS 99.700 to 99.730 or another department or agency of

city government, the responsibility of determining which properties within the 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 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.