KRS 91.370: Retrospective assessment.

When any lands, improvements or personal property are not assessed in any year, they

may, when the omission is discovered, be assessed retrospectively for that year at any

time not later than five (5) years thereafter, but the lien thereby accruing to the city shall

not prejudice any rights acquired by purchasers before the assessment. The assessor guilty

of the omission, and his sureties, shall be liable to the city for any damage by loss of lien.

Any person retrospectively assessed may, within thirty (30) days after notice of the

assessment is mailed to him, file in the assessor's office the complaint provided for in

KRS 91.400, and if such a complaint is filed in time the assessment shall not become

binding and no tax bill shall be issued thereon until th e assessment has been passed upon

by the board of equalization.