67A.780 Assessment ratio -- Special assessment. - Kentucky Statutes

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67A.780 Assessment ratio -- Special assessment. The sum necessary to be raised annually for the sinking fund shall be assessed against the
property benefited in the proportion that the assessed value of each lot or parcel for
urban-county government taxation shall bear to the whole assessed value of the benefited
properties, as shown by the records upon which urban-county government taxation is
based at the time of the adoption of the Third Ordinance. Where there is no such record,
as in the case of public property, or property owned by religious, charitable, or
educational institutions, the same (except that owned by the United States government)
shall be specially assessed by the proper assessing officers, and for such special
assessment reasonable compensation may be made. Any such special assessment shall be
subject to all procedures for equalization and judicial review as may be provided by law
in connection with ordinary assessments. Effective: June 21, 1974
History: Created 1974 Ky. Acts ch. 394, sec. 15, effective June 21, 1974.