KRS 160.475: Ad valorem tax levy for school purposes -- Maximum rates -- Subdistrict

taxes abolished.

(1) Except as otherwise provided in KRS 157.440, 160.470(1), and 160.476(4), the ad

valorem tax levy for school purposes, other than sinking fund purposes, in eac h

school district, shall be not more than one dollar and fifty cents ($1.50) annually on

each one hundred dollars ($100) of property subject to local taxation.

(2) All existing subdistrict school tax levies, except those required to retire voted

bonds, are hereby abolished.