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

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91.285 Taxation of abandoned urban property by city of the first class. (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 99.710 et seq., 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 99.710 et seq., 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. Effective: July 13, 1990
History: Created 1990 Ky. Acts ch. 513, sec. 2, effective July 13, 1990.