132.285 Use by city of county assessment allowance for costs -- City's power in adopting procedures to use county assessment -- Appropriation. - Kentucky Statutes

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132.285 Use by city of county assessment allowance for costs -- City's power in adopting procedures to use county assessment -- Appropriation. (1) Except as provided in subsection (3) of this section, any city may by ordinance elect to use the annual county assessment for property situated within such city as a basis
of ad valorem tax levies ordered or approved by the legislative body of the city. Any
city making such election shall notify the Department of Revenue and property
valuation administrator prior to the next succeeding assessment to be used for city
levies. In such event the assessment finally determined for county tax purposes shall
serve as a basis of all city levies for the fiscal year commencing on or after the
county assessment date. Each city which elects to use the county assessment shall
annually appropriate and pay each fiscal year to the office of the property valuation
administrator for deputy and other authorized personnel allowance, supplies, maps
and equipment, and other authorized expenses of the office one-half of one cent
($0.005) for each one hundred dollars ($100) of assessment; provided, that sums
paid shall not be less than two hundred fifty dollars ($250), nor more than forty
thousand dollars ($40,000) in a city having an assessment subject to city tax of less
than two billion dollars ($2,000,000,000) or fifty thousand dollars ($50,000) in a
city having an assessment subject to city tax of more than two billion dollars
($2,000,000,000). This allowance shall be based on the assessment as of the
previous January 1. Each property valuation administrator shall file a claim with the
city for the county assessment, which shall include the recapitulation submitted to
the city pursuant to KRS 133.040(2). The city shall order payment in an amount not
to exceed the appropriation authorized by this section. The property valuation
administrator shall be required to account for all moneys paid to his office by the
city and any funds unexpended by the close of each fiscal year shall carry over to
the next fiscal year. Notwithstanding any statutory provisions to the contrary, the
assessment dates for such city shall conform to the corresponding dates for the
county, and such city may by ordinance establish additional financial and tax
procedures that will enable it effectively to adopt the county assessment. The
legislative body of any city adopting the county assessment may fix the time for
levying the city tax rate, due and delinquency dates for taxes and any other dates
that will enable it effectively to adopt the county assessment, notwithstanding any
statutory provisions to the contrary. Any such city may, by ordinance, abolish any
office connected with city assessment and equalization. Any city which elects to use
the county assessment shall have access to the assessment records as soon as
completed and may obtain a copy of that portion of the records which represents the
assessment of property within such city by additional payment of the cost thereof.
Once any city elects to use the county assessment, such action cannot be revoked
without notice to the Department of Revenue and the property valuation
administrator six (6) months prior to the next date as of which property is assessed
for state and county taxes. (2) In the event any omitted property is assessed by the property valuation administrator as provided by KRS 132.310 such assessment shall be considered as part of the
assessment adopted by the city according to subsection (1) of this section. (3) For purposes of the levy and collection of ad valorem taxes on motor vehicles, cities shall use the assessment required to be made pursuant to KRS 132.487(5). (4) Notwithstanding the provisions of subsection (1) of this section, each city which elects to use the county assessment for ad valorem taxes levied for 1996 or
subsequent years, and which used the county assessment for ad valorem taxes levied
for 1995, shall appropriate and pay to the office of the property valuation
administrator for the purposes set out in subsection (1) of this section an amount
equal to the amount paid to the office of the property valuation administrator in
1995, or the amount required by the provisions of subsection (1) of this section,
whichever is greater. Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 69, sec. 2, effective June 25, 2009. -- Amended 2005 Ky. Acts ch. 85, sec. 186, effective June 20, 2005. -- Amended 1996 Ky. Acts
ch. 254, sec. 19, effective July 15, 1996. -- Amended 1984 Ky. Acts ch. 54, sec. 17,
effective January 1, 1985. -- Amended 1972 Ky. Acts ch. 245, sec. 4. -- Amended
1966 Ky. Acts ch. 178, sec. 1. -- Amended 1962 Ky. Acts ch. 29, sec. 2. -- Amended
1960 Ky. Acts ch. 186, Art. I, sec. 7. -- Amended 1950 Ky. Acts ch. 159, sec. 1. --
Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 5, sec. 1. -- Created 1942 Ky. Acts
ch. 131, sec. 25.