PVA NEWS

DECREASE IN NEW VEHICLE SUPPLY = INCREASED VALUE AND TAXES ON USED VEHICLES

With the current decrease in vehicle supply recently, we are seeing an increase in the value and demand for used vehicles in the market. As the demand for the used vehicles increases, so does the value of them, resulting in higher taxes that you may start seeing this year. We have included a video segment that was produced by Lexington, KY news station WKYT just recently. If you have any questions regarding this, please feel free to call us at 502-863-7885.

HAVE YOU RECEIVED YOUR TAX BILL YET?

All 2021 tax bills have been mailed. If you haven’t received a tax bill on a property you now own give us a call at 502-863-7885.

ARE YOU 65 + ?     

The HOMESTEAD EXEMPTION can save you $$$ !

Click (here) to find out how!

Click here!

2020 MEDIAN RESIDENTIAL SALES PRICE UP 7.7 %

The 2021 assessed values are based on 2020 sales that occurred from January 1, 2020 to December 31, 2020.

Residential sale prices remained strong thru the end of 2020 with the yearly median sale price increasing 7.7% TO $231,000 from $214,500 in 2019.

CLICK HERE TO SEE MEDIAN SALES HISTORY

 

A Message from Tim Jenkins PVA

PROPERTY TAX QUESTIONS?

 

To promote better understanding of the Property Tax Process , the Kentucky Department of Revenue has developed a nice property tax website at  https://revenue.ky.gov/Property

It explains the property tax process, the tax calendar, assessments, tax rates and the billing process.

Check it out. I think you will find it informative. And remember your PVA staff is available to help with any property tax questions you may have too.

We are here Monday thru Friday 8:30-4:30

502-863-7885

email: tim.jenkins@ky.gov

 

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