Duties of the PVA
Property Valuation Administrator
The Woodford County PVA is a locally elected official charged with assessing all property, both real and personal, that lies within Woodford County.
All property is to be assessed at 100% fair cash value as of January 1 of each year. Fair cash value is defined as the price agreed upon by a willing seller
and buyer with neither party under duress. There are some exceptions such as public service companies, bank shares, omitted tangible properties and vehicles,
all values, which the Kentucky Revenue Cabinet assigns in Frankfort. The PVA has the right to make value changes to vehicles according to the January 1 NADA
guidelines for high mileage or with estimates of repair from licensed automobile body shops. Please remember that the vehicle is assessed to the owner as of
January 1 of each year and it is the condition of the vehicle and mileage that determines the value.
All property, unless specifically exempted by the Constitution, is taxable. The Constitution expressly prohibits exemption of any property or persons except
those allowed by the Constitution itself. Therefore, taxation is the rule and the exemption is the exception.
Your Property Valuation Administrator's Office DOES NOT determine how much tax you pay. We only assess the "fair Market Value" of the property to be taxed.
There are two components that determine your property bill: ASSESSED VALUE and TAX RATE. The tax rate is determined by either elected officials such as county
governments, city governments, school boards or taxing district boards of the library or health department.
The PVA DOES NOT set property tax rates nor do they collect property taxes.
If you have specific questions about the duties of your PVA, please contact our office at 859-873-4101.