Madison, IN Sunny intervals 72°
Listen Live

Kentucky's State Real Property Tax Decreased

Second decrease in as many years

                                

In more positive news for Kentuckians, Gov. Beshear shared that the state real property tax rate has decreased, dropping from 11.9 cents to 11.5 cents per $100 assessed value. The Kentucky Department of Revenue is required by statute to set the real property tax rate each year by July 1. This is the second annual decrease in the real property tax rate – the only two years the rate has decreased since 2008.

The Governor said, “I want Kentuckians to know, we’re watching and we know the property you own has gone up in value. That’s why we’ve cut the state property tax rate for real estate to try to help out. To ensure your bill isn’t going up significantly and hopefully, for many of you, it is in fact going down.”

The drop in the state rate may also help mitigate an increase by other local taxing districts.

More from Local News

Events

Local News

Gov. Holcomb Signs Executive Order Declaring a Disaster Emergency for Three Indiana Counties

Jefferson, Ohio, and Switzerland counties experienced near-record rainfall on Sept. 3.

Attorney General Todd Rokita encourages Hoosiers to assign a legacy contact to preserve online presence after death

Having important to have someone that can take of your social media once you have passed.

Local Sports

ORVC Weekly Report Summary (September 19 – 24)

Switzerland County Boys and Girls Soccer Undefeated in Conference

2022 Boys and Girls Soccer Sectionals

Sectionals get underway Oct 3 at various sites around the state