{"data":{"id":"us-ky/krs-65.450","jurisdiction":"us-ky","citation":"KRS 65.450","heading":"Valuation and taxation of legislative body's interest in real property.","body":"Where an interest in real property less than the fee is held by the local legislative body for\nthe purposes of KRS 65.410 to 65.460, assessments made on the property for taxation\nshall reflect any change in the market value of the property which may result  from the\ninterest held by the local legislative body. The value of the interest held by the local\nlegislative body shall be exempt from property taxation to the same extent as other\nproperty owned by the local legislative body.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23404","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:21Z","sha256":"864abfc35bbf39cae8d899dcf6964299223c3b3ca3f6934179a43929c57b0e78","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.440","next":"us-ky/krs-65.460"},"notice":"GroundRules: Original legal text. Not legal advice."}