Property Tax Rate Calculations

The NKADD Public Administration Services Division offers, as one of its FREE services to local governments, any assistance needed in the preparation of Real and Personal Property Tax Rate calculations. NKADD assisted approximately twenty-five cities and five fire protection and special districts last year with tax rate calculations. Division staff is available each year to:

1) Either prepare a local government's tax rate calculations for them, provide hands-on instruction, or check/verify calculations, depending on the level of assistance requested of NKADD.

2) Serve as liaison between the local government, county PVA office, and Kentucky Revenue Cabinet in gathering all necessary assessed property valuation information in order to perform tax rate calculations.

3) Advise local governments on the public notice and hearing requirements and procedures for adoption of their tax rates.

4) Prepare actual public notice of property tax rate public hearing, to include all information required by state law.

5) Forecast property tax revenue expectations at given tax rate levels.

The property tax data sheet and rate calculation worksheets for both real and personal property are mailed the first week of July by NKADD to all local governments, including special taxing districts.

For any property tax rate assistance contact Andy Baker in the Public Administration Services Department at (859) 283-1885.