Kentucky Statutes 68.248 – County revenue limits on tax rate applicable to personal property
Current as of: 2024 | Check for updates
|
Other versions
(1) In the event that the tax rate applicable to real property levied by a county fiscal court will produce a percentage increase in revenue from personal property less than the percentage increase in revenue from real property, the county fiscal court may levy a tax rate applicable to personal property which will produce the same percentage increase in revenue from personal property as the percentage increase in revenue from real property.
(2) The tax rate applicable to personal property levied by a county fiscal court under the provisions of subsection (1) of this section shall not be subject to the public hearing provisions of KRS § 68.245(5) and to the recall provisions of KRS § 68.245(6).
Effective: July 13, 1990
History: Amended 1990 Ky. Acts ch. 343, sec. 2, effective July 13, 1990. — Created
1982 Ky. Acts ch. 397, sec. 1, effective July 15, 1982.
(2) The tax rate applicable to personal property levied by a county fiscal court under the provisions of subsection (1) of this section shall not be subject to the public hearing provisions of KRS § 68.245(5) and to the recall provisions of KRS § 68.245(6).
Terms Used In Kentucky Statutes 68.248
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Effective: July 13, 1990
History: Amended 1990 Ky. Acts ch. 343, sec. 2, effective July 13, 1990. — Created
1982 Ky. Acts ch. 397, sec. 1, effective July 15, 1982.