PVA NEWS

2022 PUBLIC INSPECTION PERIOD:  MAY 2nd – 16th

This is the time to review and discuss your 2022 assessed value with PVA staff. Our hours are 8:30-4:30 Monday-Friday on May 2nd-16th and from 9-12 noon Saturdays, May 7th and 14th.

Click here for more Inspection Period Info

ASSESSMENT NOTICES IN MAIL APRIL 29th

An assessment notice is your official notice of the 2022 assessed value for your property and have been  used to calculate your 2022 property tax bill.

2021 MEDIAN RESIDENTIAL SALES PRICE UP 14.7%

Residential property values in Scott County increased for the eighth consecutive year in 2021. The median sale price rose 14.7% from $231,000 in 2020, to $265,000 in 2021. Since 2019, the median price is up 23.5% from $214,500.

SEE RESIDENTIAL MEDIAN SALE PRICE HISTORY

Click here!

 

 

A Message from Tim Jenkins PVA

UPWARD TREND CONTINUES

Your 2022 assessed value will be based on sales activity thru the end of 2021. Keep in mind that assessed values follow market prices and the median residential sale price in Scott County increased 14% in 2021 and has increased 23% over the last two years. (CLICK FOR MEDIAN HISTORY) Per the Lexington Bluegrass Association of Realtors, thru March 31, 2022 the median residential sale price is $273,200, 11% greater than same time last year. Sales activity occurring this year will be used in
the 2023 assessments.

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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