Homeowners across the commonwealth are waking up to shocking tax bills.
In Louisville, property assessments jumped at least 30% in reassessed neighborhoods. Daviess County has seen six consecutive years of assessment increases exceeding 5%. In Shelby County, where activists fought a property tax hike, school authorities handed themselves millions in new property tax revenue while simultaneously touting no change in tax rates. The enabler in all of these cases is a structural flaw in Kentucky’s property tax system that allows silent tax increases to happen virtually automatically.
In short, when home values rise, property taxes can soar even when rates stay flat or fall slightly…