132.012 "Abandoned urban property" defined -- Classification as real property for tax purposes.

KY Rev Stat § 132.012 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

132.012 "Abandoned urban property" defined -- Classification as real property for tax purposes. As used in this section and in KRS 92.305 and 91.285, unless the context otherwise requires: (1) "Abandoned urban property" means any vacant structure or vacant or unimproved lot or parcel of ground in a predominantly developed urban area which has been vacant or unimproved for a period of at least one (1) year and which: (a) Because it is dilapidated, unsanitary, unsafe, vermin infested, or otherwise dangerous to the safety of persons, it is unfit for its intended use; (b) By reason of neglect or lack of maintenance has become a place for the accumulation of trash and debris, or has become infested with rodents or other vermin; (c) Has been tax delinquent for a period of at least three (3) years; (d) Has had a methamphetamine contamination notice posted as provided in KRS 224.1-410 for a period of at least ninety (90) days, and the owner has neither appealed the notice nor provided a certificate of decontamination during the ninety (90) days; or (e) Is located within a development area established under KRS 65.7049, 65.7051, and 65.7053. (2) For purposes of local taxation in cities of any class or consolidated local governments, there shall be a classification of real property known as abandoned urban property. The legislative body of a city of any class, county containing a city of the first class, or consolidated local government may levy a rate of taxation on abandoned urban property higher than the prevailing rate of taxation on other real property in the city, county containing a city of the first class, or consolidated local government. The limitation upon tax rates established by KRS 132.027 shall not apply to the rate of taxation on abandoned urban property. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 52, sec. 3, effective June 27, 2019. -- Amended 2007 Ky. Acts ch. 95, sec. 25, effective March 23, 2007. -- Amended 2004 Ky. Acts ch. 76, sec. 2, effective July 13, 2004. -- Amended 2002 Ky. Acts ch. 346, sec. 160, effective July 15, 2002. -- Created 1990 Ky. Acts ch. 513, sec. 1, effective July 13, 1990.