{"data":{"id":"us-ky/krs-132.0225","jurisdiction":"us-ky","citation":"KRS 132.0225","heading":"Deadline for establishing final tax rate -- Exemption -- Procedure if","body":"increased revenue is greater than four percent.\n(1) (a) A taxing district that does not elect to attempt to set a rate that will produce\nmore than four percent (4%) in additio nal revenue, exclusive of revenue from\nnew property as defined in KRS 132.010, over the amount of revenue\nproduced by the compensating tax rate as defined in KRS 132.010 shall\nestablish a final tax rate within forty -five (45) days of the department's\ncertification of the county's property tax roll.\n(b) For boards of education, the forty -five (45) days shall begin from the date of\nthe department's certification to the chief state school officer as required by\nKRS 160.470(4).\n(c) A city that does not elect to have city ad valorem taxes collected by the sheriff\nas provided in KRS 91A.070(1) shall be exempt from the forty -five (45) day\ndeadline.\n(d) Any nonexempt taxing district that fails to meet the forty -five (45) day\ndeadline shall be required to use the com pensating tax rate for that year's\nproperty tax bills.\n(2) A taxing district that elects to attempt to set a rate that will produce more than four\npercent (4%) in additional revenue, exclusive of revenue from new property as\ndefined in KRS 132.010, over the amount of revenue produced by the compensating\ntax rate as defined in KRS 132.010 shall follow the provisions of KRS 132.017.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53484","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"865d28158adbaa1d0326d486784b24294862137f108825250d7ee391ef494c67","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.020","next":"us-ky/krs-132.023"},"notice":"GroundRules: Original legal text. Not legal advice."}