{"data":{"id":"us-ky/krs-205.591","jurisdiction":"us-ky","citation":"KRS 205.591","heading":"\"Fair market value\" of applicant's property if used  to determine","body":"eligibility.\nIf the Department for Medicaid Services considers the fair market value of an\napplicant's property for purposes of determining eligibility, \"fair market value\" means:\n(1) An estimate of the value of an asset if sold at the prevailing price at the time it\nwas actually transferred, based on:\n(a) The most recent certified assessed value of the property as listed by the\nlocal property valuation administrator; or\n(b) The professional opinion of an independent, licensed appraiser; or\n(2) The price brought on the property at a public auction conducted by a licensed\nauctioneer.","path":["KRS Chapter 205"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=46718","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:04Z","sha256":"5e84073e9df8a42e1efd3909bb28eabcef57c03f0ba7cac01c1d0e84edb1e274","source_id":"us-ky","stale":false,"prev":"us-ky/krs-205.590","next":"us-ky/krs-205.592"},"notice":"GroundRules: Original legal text. Not legal advice."}