{"data":{"id":"us-ky/krs-67a.887","jurisdiction":"us-ky","citation":"KRS 67A.887","heading":"Annual levy of assessment against benefited property.","body":"The sum necessary to be raised annually for the sinking fund and consequent amortization\nof the outstanding bonds, whether all authorized bonds have been issued or not (together\nwith the sum of any amounts required annually to pay trustees' fees, paying ag ents' fees,\ncost of administration of the project, and the cost of billing, collecting and enforcing\nimprovement benefit assessments, including fees of proper governmental bodies incident\nto placing assessment bills on tax statements, and collecting, enfor cing and remitting\nsame), shall be levied and assessed from time to time against the benefited properties\npursuant to the prior determinations made by the government in respect of benefits\nreceived.  If the urban-county council of the government has determined that all benefited\nproperties within classified zones are substantially equally benefited and that all therein\nshall be assessed equally, the same assessment levy shall be made against each benefited\nproperty within a classified zone.  In other cases,  if any, the sum necessary to be raised\nannually for amortization of the bonds shall be levied and assessed against the benefited\nproperties in the proportion that the assessed value of each individual lot, parcel or tract\nfor urban-county government ad va lorem taxation shall bear to the whole assessed value\nof all the benefited properties as shown by the records upon which urban -county\ngovernment ad valorem taxation may from time to time be based.  Where there is no such\nrecord, as in the case of public pr operty or property owned by religious, charitable or\neducational institutions, the same (except that owned by the United States government)\nshall be specially assessed by the proper assessing officers and for such special\nassessment reasonable compensation shall be paid.  Any such special assessment shall be\nsubject to all procedures for equalization and judicial review as may be provided by law\nin connection with ordinary assessments.","path":["KRS Chapter 67A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23970","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:28Z","sha256":"cfbcecde1eeb4c088a35b6999f8367a686b73d61d0d6c32e13b6de1ac76ef3a9","source_id":"us-ky","stale":false,"prev":"us-ky/krs-67a.886","next":"us-ky/krs-67a.888"},"notice":"GroundRules: Original legal text. Not legal advice."}