KRS 160.460: Levy of school taxes -- Procedures.

(1) All school taxes shall be levied by the board of education of each school district.

The tax-levying authority shall levy an ad valorem tax within the limits prescribed

in KRS 160.470, which will obtain for the school district the amount of money

needed as shown in the district's working budget submitted under KRS 160.461.

(2) The tax-levying authority shall make an annual school levy not later than July 1.

The school levy shall not be made until the working budget has been received and

approved by the Kentucky Board of Education. The failure of the authority to make

the levy by the date prescribed shall not invalidate any levy made thereafter.

(3) All school taxes shall be levied on all property subject to local taxation in the

jurisdiction of the tax -levying authority. If the school levy is to be made upon the

city assessment, which is hereby authorized for independent school districts

embraced by designated cities, the clerk of the city shall furnish to the school

district or districts which the city embrac es, the assessed valuation of property

subject to local taxation in the school district, as determined by its tax assessor. If

the school levy is to be made upon the county assessment the county clerk shall

furnish to the proper school district or district s the assessed valuation of property

subject to local taxation in the district or districts, as certified by the Kentucky

Department of Revenue. No later than July 1, 1994, all real property located in the

state and subject to local taxation shall be asses sed at one hundred percent (100%)

of fair cash value.

(4) As used in this section, "designated city" means a city classified as a city of the

first, second, third, or fourth class as of January 1, 2014, under the city

classification system in effect prior to January 1, 2015. The Department of

Education shall, on or before January 1, 2015, create an official registry listing the

cities that qualify as a "designated city" under this section and shall publish that

registry on its website.