Kentucky Property Tax

 

Kentucky Property Tax Information

Appeal Tax

Kentucky property tax law establishes the assessment date as of January 1st. All property is assessed as of that date. Ownership of property for tax purposes is also set by the January 1st requirement. If a property is purchased after that date, state statute requires the tax bill be issued in the name of the former owner until the next calendar year. An attempt is made to mail the tax bill to the new owners using the information provided to us by a tax agreement from the buyer or seller. If, however, a new owner does not receive a copy of the tax bill, the owner may contact the county tax department.

 


Property tax also gets an extreme makeover 
Redone home in Buechel triples value, cost to Hughes family  
By Sheldon S. Shafer  
sshafer@courier-journal.com   The Courier-Journal

 

The value of the Hughes family's new "Extreme Makeover" home on Buechel Bank Road is nearly triple that of their old house, and their annual property tax bill is going to rise proportionally, county officials say.

But, after living in the new home for nearly two months, father Patrick John Hughes said he is confident the new home won't be a financial burden, mainly because he doesn't have a mortgage to pay.

"Like the rest of the world, we wish we didn't have to pay more taxes," Hughes said. "But we'll survive."

He added, "We're getting along very well, and enjoying the new home."

Hughes, his wife, Patricia, and their three sons, including Patrick Henry Hughes, who is blind and uses a wheelchair, were the beneficiaries of the new home in November in an ABC production of "Extreme Makeover: Home Edition."

The elder Hughes works at United Parcel Service, and his wife works at an investment firm. Patrick Henry Hughes, 19, is a University of Louisville student and a member of the school band. He has two brothers, Jesse, 16, and Cameron, 12.The Jefferson County property valuation office has assessed the new home, which has many special design features catering to a disabled young man, at $374,930. The assessment includes the $24,810 value of the land.

Joe Pusateri, president of Elite Homes, which coordinated and oversaw the home's construction in less than a week, said the assessment "is exactly in the neighborhood I thought it would be."

To help ease the financial pinch on the family, corporations and individuals rounded up $100,000 for the Hughes family through an Elite Homes charitable foundation.

And Fifth Third Bank and other businesses paid off the mortgage on the old house that was razed.

The Hughes' tax bill for 2007 on the old home, which was assessed at $135,080 before it was bulldozed, was $1,302.85, according to Jim O'Daniel, chief financial officer for the Jefferson County Sheriff's Department, which mails tax bills every November. Those taxes were paid to Louisville, the state, the Jefferson County school board and the Buechel fire district.

Although some of the tax rates might change this year, based on the 2007 tax rates for those four jurisdictions and the new assessment, the Hughes' tax bill on the new home would be $3,616.20, O'Daniel said.

The building permit issued in mid-November by the city for the new house estimated the house's construction cost at $300,000. But all the materials, furniture and finishings were donated by contractors and suppliers.

In addition to the higher annual property taxes, Pusateri said he expects that the family's utility bill will be slightly higher than before.

Pusateri said the family's new home is largely maintenance-free, with minimal upkeep costs.

For instance, the exterior is wrapped in vinyl and aluminum, meaning it won't need painting, there is a 30-year warranty on the roof and many of the appliances and the lights are energy-efficient, Pusateri noted.

Donna Hunt, chief deputy for Jefferson Property Valuation Administrator Tony Lindauer, said Lindauer advised the family of the new assessment in a phone call Monday.

She said the official notice of the assessment will be mailed in April, with the valuation reflected on the 2008 tax bill to be mailed by the sheriff's office in November.

Hunt said factors governing the assessment included: the house's size, 3,943 square feet; the two-car attached garage; a swimming pool; three full bathrooms, central air conditioning; and the size of the lot, nearly 1.1 acre. The one-story home has three full bathrooms and four bedrooms, but no basement.

Hunt said that the computer-assisted appraisal included a comparison of the recent sale price of other homes in that part of the county with characteristics similar to the Hughes family's new residence.

The house has many built-in features, including special furniture and bathroom fixtures, to accommodate Patrick Henry.

But Hunt said those features, although expensive, weren't considered in setting the assessment. She said they actually could be a disincentive to buying the home for the typical family looking for a place to live.

"There are many things in the house that the typical buyer would not pay extra for, so they don't increase the assessment," Hunt said.

She said the assessment on the new home, by itself, will not affect the valuations of neighbors' homes.

Pusateri called the "Extreme Makeover" experience "the highlight of my building career," adding that the week in November when the project was undertaken was "magical."

He said the many dozens of subcontractors and suppliers "all worked together to make something really significant and important."


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