{"data":{"id":"us-ky/krs-160.473","jurisdiction":"us-ky","citation":"KRS 160.473","heading":"Limits for board of education tax rates on personal property -- Public","body":"hearing and recall not applicable.\n(1) (a) For assessment years beginning before January 1, 2029, in the event that a\ngeneral tax rate applicable to real property levied b y a local board of\neducation will produce a percentage increase in revenue from personal\nproperty less than the percentage increase in revenue from real property, the\nlocal board of education may levy a general tax rate applicable to personal\nproperty whic h will produce the same percentage increase in revenue from\npersonal property as the percentage increase in revenue from real property;\nhowever, in no event shall the general tax rate levied by the local board of\neducation applicable to personal property e xceed the prior year general tax\nrate applicable to personal property levied by the respective local board of\neducation.\n(b) For assessment years beginning on or after January 1, 2029, in the event that a\ngeneral tax rate applicable to real property levied  by a local board of\neducation will produce a percentage increase in revenue from personal\nproperty less than the percentage increase in revenue from real property, the\nlocal board of education may levy a general tax rate applicable to personal\nproperty wh ich will produce the same percentage increase in revenue from\npersonal property as the percentage increase in revenue from real property;\nhowever, in no event shall the general tax rate levied by the local board of\neducation applicable to personal property exceed:\n1. The prior year general tax rate applicable to personal property levied by\nthe respective local board of education; or\n2. The general tax rate applicable to personal property levied by the\nrespective local board of education for the January 1, 2 028, assessment\nyear.\n(2) The general tax rate applicable to personal property levied by a local board of\neducation under the provisions of subsection (1) of this section shall not be subject\nto the public hearing provisions of KRS 160.470(7) and to the re call provisions of\nKRS 160.470(8).","path":["KRS Chapter 160"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57654","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:08Z","sha256":"09b5c7f2c6bde4ecd63f91e20e2c86236c42c6b173c3cb2f74a7f9ff00f57721","source_id":"us-ky","stale":false,"prev":"us-ky/krs-160.472","next":"us-ky/krs-160.474"},"notice":"GroundRules: Original legal text. Not legal advice."}