Kentucky Statutes 160.460 – Levy of school taxes — Procedures
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(1) All school taxes shall be levied by the board of education of each school district.
The tax-levying authority shall levy an ad valorem tax within the limits prescribed in KRS § 160.470, which will obtain for the school district the amount of money needed as shown in the district’s general school budget submitted under the provisions of KRS § 160.470.
(2) The tax-levying authority shall make an annual school levy not later than July 1.
The school levy shall not be made until the general school budget has been received and approved by the Kentucky Board of Education. The failure of the authority to make the levy by the date prescribed shall not invalidate any levy made thereafter.
(3) All school taxes shall be levied on all property subject to local taxation in the jurisdiction of the tax-levying authority. If the school levy is to be made upon the city assessment, which is hereby authorized for independent school districts embraced by designated cities, the clerk of the city shall furnish to the school district or districts which the city embraces, the assessed valuation of property subject to local taxation in the school district, as determined by its tax assessor. If the school levy is to be made upon the county assessment the county clerk shall furnish to the proper school district or districts the assessed valuation of property subject to local taxation in the district or districts, as certified by the Kentucky Department of Revenue. No later than July 1, 1994, all real property located in the state and subject to local taxation shall be assessed at one hundred percent (100%) of fair cash value.
(4) As used in this section, “designated city” means a city classified as a city of the first, second, third, or fourth class as of January 1, 2014, under the city classification system in effect prior to January 1, 2015. The Department of Education shall, on or before January 1, 2015, create an official registry listing the cities that qualify as a “designated city” under this section and shall publish that registry on its Web site.
Effective: January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 226, effective January 1, 2015. — Amended 2005 Ky. Acts ch. 85, sec. 593, effective June 20, 2005. — Amended 1996
Ky. Acts ch. 362, sec. 6, effective July 15, 1996. — Amended 1990 Ky. Acts ch. 476, Pt. V, sec. 104, effective July 13, 1990. — Amended 1978 Ky. Acts ch. 155, sec. 82, effective June 17, 1978. — Amended 1976 Ky. Acts ch. 127, sec. 2, effective June 19,
1976. — Amended 1950 Ky. Acts ch. 71, sec. 1.– Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 7, sec. 1. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October
1, 1942, from Ky. Stat. sec. 4399-40.
The tax-levying authority shall levy an ad valorem tax within the limits prescribed in KRS § 160.470, which will obtain for the school district the amount of money needed as shown in the district’s general school budget submitted under the provisions of KRS § 160.470.
Terms Used In Kentucky Statutes 160.460
- City: includes town. See Kentucky Statutes 446.010
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(2) The tax-levying authority shall make an annual school levy not later than July 1.
The school levy shall not be made until the general school budget has been received and approved by the Kentucky Board of Education. The failure of the authority to make the levy by the date prescribed shall not invalidate any levy made thereafter.
(3) All school taxes shall be levied on all property subject to local taxation in the jurisdiction of the tax-levying authority. If the school levy is to be made upon the city assessment, which is hereby authorized for independent school districts embraced by designated cities, the clerk of the city shall furnish to the school district or districts which the city embraces, the assessed valuation of property subject to local taxation in the school district, as determined by its tax assessor. If the school levy is to be made upon the county assessment the county clerk shall furnish to the proper school district or districts the assessed valuation of property subject to local taxation in the district or districts, as certified by the Kentucky Department of Revenue. No later than July 1, 1994, all real property located in the state and subject to local taxation shall be assessed at one hundred percent (100%) of fair cash value.
(4) As used in this section, “designated city” means a city classified as a city of the first, second, third, or fourth class as of January 1, 2014, under the city classification system in effect prior to January 1, 2015. The Department of Education shall, on or before January 1, 2015, create an official registry listing the cities that qualify as a “designated city” under this section and shall publish that registry on its Web site.
Effective: January 1, 2015
History: Amended 2014 Ky. Acts ch. 92, sec. 226, effective January 1, 2015. — Amended 2005 Ky. Acts ch. 85, sec. 593, effective June 20, 2005. — Amended 1996
Ky. Acts ch. 362, sec. 6, effective July 15, 1996. — Amended 1990 Ky. Acts ch. 476, Pt. V, sec. 104, effective July 13, 1990. — Amended 1978 Ky. Acts ch. 155, sec. 82, effective June 17, 1978. — Amended 1976 Ky. Acts ch. 127, sec. 2, effective June 19,
1976. — Amended 1950 Ky. Acts ch. 71, sec. 1.– Amended 1949 (1st Extra. Sess.) Ky. Acts ch. 7, sec. 1. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October
1, 1942, from Ky. Stat. sec. 4399-40.