KRS 67A.887: Annual levy of assessment against benefited property.

The sum necessary to be raised annually for the sinking fund and consequent amortization

of the outstanding bonds, whether all authorized bonds have been issued or not (together

with the sum of any amounts required annually to pay trustees' fees, paying ag ents' fees,

cost of administration of the project, and the cost of billing, collecting and enforcing

improvement benefit assessments, including fees of proper governmental bodies incident

to placing assessment bills on tax statements, and collecting, enfor cing and remitting

same), shall be levied and assessed from time to time against the benefited properties

pursuant to the prior determinations made by the government in respect of benefits

received. If the urban-county council of the government has determined that all benefited

properties within classified zones are substantially equally benefited and that all therein

shall be assessed equally, the same assessment levy shall be made against each benefited

property within a classified zone. In other cases, if any, the sum necessary to be raised

annually for amortization of the bonds shall be levied and assessed against the benefited

properties in the proportion that the assessed value of each individual lot, parcel or tract

for urban-county government ad va lorem taxation shall bear to the whole assessed value

of all the benefited properties as shown by the records upon which urban -county

government ad valorem taxation may from time to time be based. Where there is no such

record, as in the case of public pr operty or property owned by religious, charitable or

educational institutions, the same (except that owned by the United States government)

shall be specially assessed by the proper assessing officers and for such special

assessment reasonable compensation shall be paid. Any such special assessment shall be

subject to all procedures for equalization and judicial review as may be provided by law

in connection with ordinary assessments.