Per theKentucky Department of Education Commissioner's Office
Updates on Review of Property Tax Statutory Requirements
KRS 160.470provides the process by which a local board of education annually adopts property tax rates. Because of a question about the process from a district, the Kentucky Department of Education (KDE) recently conducted a review of the statutory requirements.
The review determined that the statute permits a local board of education to adopt a tax rate up to and including the 4% tax rate without advertising or holding a public hearing. In the past, KDE provided guidance that a board was required to advertise and hold a hearing if they exceeded the compensating rate. Exonerations may be included in the property tax adoption, but will not trigger any additional advertising or hearing requirements.
KRS 132.0225provides that, unless the local board is adopting a tax rate, excluding exonerations, above 4%, they must adopt a property tax rate within 45 calendar days of the Department of Revenue’s property certification for the school district. If this requirement is not met, the compensating tax rate will be applied to that year’s tax bills.
If attending the Board meeting in person, a member of the public may sign up prior to the 6:00 PM start of the meeting in order to make a comment. If attending the Board meeting by watching the live stream on YouTube, a member of the public may submit a statement via email anytime throughout the day on the date of the meeting to Angel Cooper (firstname.lastname@example.org). Comments must be submitted prior to the 6:00 PM start time. Angel will print the emails, and each statement will be read during the public comment portion of the agenda. Elaine Bailey, Communications Officer, will read the comments. A copy of the email will be kept to accurately reflect those who submitted a public comment just as our sign-up sheet is kept now. Each statement will be limited to no more than 3 minutes. Each statement must be related to an item on the agenda.