{"data":{"id":"us-ky/krs-133.150","jurisdiction":"us-ky","citation":"KRS 133.150","heading":"Equalization of county or district assessments by Department of Revenue.","body":"The Department of Revenue shall equalize each year the assessments of the property\namong the counties. It shall compare the recapitulation of the property valuation\nadministrator's books from each county with the records of sales of land in such county or\nwith such other information that it may obtain from any source and shall determine the\nratio of the assessed valuation of the property to the fair cash value. The Department of\nRevenue shall have power to increase or decrease the aggregate assessed valuati on of the\nproperty of any county or taxing district thereof or any class of property or any item in\nany class of property. The Department of Revenue shall fix the assessment of all property\nat its fair cash value. When the property in any county, or any cl ass of property in any\ncounty, is not assessed at its fair cash value, such assessment shall be increased or\ndecreased to its fair cash value by fixing the percentage of increase or decrease necessary\nto effect the equalization.","path":["KRS Chapter 133"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28348","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:25Z","sha256":"d7b5181b881b6a54928fcc9fc439111c272f053f4dc3d9586aa397499c02c897","source_id":"us-ky","stale":false,"prev":"us-ky/krs-133.140","next":"us-ky/krs-133.160"},"notice":"GroundRules: Original legal text. Not legal advice."}