Property Valuation
A Kentucky property owner disagrees with their county assessment. The first step is to:
AFile a lawsuit in Circuit Court
BAppeal to the local Board of Assessment Appeals✓ Correct
CContact KREC
DFile a complaint with the Kentucky Revenue Cabinet
Explanation
In Kentucky, a property owner who disagrees with a tax assessment should first appeal to the local Board of Assessment Appeals before pursuing further remedies.
Related Kentucky Property Valuation Questions
- For a Kentucky investment property, the cap rate is 7.5%. If the asking price is $800,000, what NOI is implied?
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