Frequently Asked Questions
What requires that property be revalued?
The Kentucky Constitution. The Kentucky Department of Revenue monitors and enforces compliance with
this law. All property must be revalued each year and must be physically examined at least once every four
Why does appraised value change from year to year?
When the market changes, so does assessed value. For instance, if you were to increase the total market value
of your property by building an addition, the assessed value would increase proportionately. Similarly, should
your property's value be decreased by fire, the assessed value will decrease to reflect the downward effect on
your property's market value. The entire community's economy and forces of supply and demand will also
affect your property's appraised value.
*The PVA does not create the value. People make their own property values by their transactions in the
marketplace. The PVA simply has the responsibility to study those transactions and assess the property
Why are some assessments unequal?
This is the most common situation.
What exemptions are homeowners eligible for?
Section 170 of the Kentucky Constitution grants taxpayers the right to file for homestead exemption. Under
the provisions of the Homestead Exemption, a person or persons must be 65 years of age or older or totally
disabled, and must own, occupy and maintain a residential unit for such exemption. The Homestead
Exemption saves the taxpayer about $280 for 2011 off of their property taxes. This amount changes slightly
from year to year. If you have any questions about these exemptions, please call or stop the PVA Office.
What are MY rights and responsibilities?
It is the property owner's responsibility to make sure the PVA Office has the correct mailing address listed for
each of your properties. The Sheriff mails the property tax bills at the end of October. If you don't get your bill
by the first week in November, then we may have your mailing address wrong in the PVA Office. We make
many attempts to find and change addresses, but the best way to ensure that you get your tax assessment
notices and tax bills is to call or stop by and make sure we have your current address.
If your opinion of the value of your property differs from the PVA, then come to the office and discuss the
matter. If the information we have on your property is incorrect or needs to be updated, we will also update
the value. We will answer any questions about appealing your assessment to the local board of appeals, if we
can't come to an agreement on a value.
How is the amount of tax determined?
The amount of property tax you pay is determined by a tax rate applied to your property's assessed value. The
tax rate is determined by all the taxing agencies such as County Governments, City Governments, and School
Boards. If the tax rate remains the same, your taxes will:
Not change if your assessed value remains the same.
Increase as your assessed value increases.
Decrease as your assessed value decreases.
CALCULATION: Taxes = Assessment x Tax Rate
*Remember:The PVA office does not have anything to do with the
total amount of taxes collected. The PVA office does not set the tax
rates. Our job is to make sure all property is assessed at 100% fair
market value. *Failure to receive an assessment notice or tax bill
is not grounds for non-payment of taxes
*Failure to receive an assessment notice or tax bill is not grounds for non-payment of taxes.
Property Valuation Administrator