22RS HB 238

Actions

Last Action	01/07/22: to Committee on Committees (H)
Title	AN ACT relating to the assessment of property for ad valorem taxation.
Bill Documents	Introduced
Bill Request Number	1265
Sponsors	D. Meade , J. Tipton
Summary of Original Version	Amend KRS 132.450 to prohibit a property valuation administrator from using the asking price of a property actively listed for sale in the determination of the fair cash value of property unless other evidence demonstrates that the asking price is the price the property would bring at a fair voluntary sale.
Index Headings of Original Version	Property - Assessment of property for taxation, use of asking price, prohibition Property Valuation Administrators - Assessment of property for taxation, use of asking price, prohibition Taxation - Property tax, assessment of property, use of asking price, prohibition Taxation, Property - Assessment of property, use of asking price, prohibition