26RS SB 180

Actions

Last Action	02/11/26: to Committee on Committees (S)
Title	AN ACT relating to property valuation.
Bill Documents	Introduced
Bill Request Number	2061
Sponsor	R. Mills
Summary of Original Version	Amend KRS 132.010, relating to state and local property taxation, to amend the definitions of "agricultural land" and "horticultural land" to include a parcel in agricultural or horticultural land that has been converted to a residential use as part of a planned development containing 10 or more parcels until a certificate of occupancy is issued for the parcel; state that agricultural value is calculated based on the agricultural value prior to the conversion to residential use; amend KRS 132.454 to outline the procedure and timeline for transition of agricultural use to residential use for property tax purposes; amend KRS 132.450 to conform.
Index Headings of Original Version	Taxation - Property tax, agricultural to residential conversions Taxation, Property - Agricultural to residential conversions, tax treatment Agriculture - Agricultural to residential conversions, property tax treatment Housing, Building, And Construction - Agricultural to residential conversions, property tax treatment Land Use - Agricultural to residential conversions, property tax treatment Property - Agricultural to residential conversions, property tax treatment Property Valuation Administrators - Agricultural to residential conversions, property tax treatment