Owsley Co, Citizens For Fiscal Court Oversight.

Property Tax Revenue 2009

All tax rates are expressed in terms of dollars per $1000.00

http://revenue.ky.gov/taxpro/CountyInformation/

County

 

Full Property Value Subject To Local Taxs

Total Parcels

Tax Rate

County General

Extension Services

Health

Library

Soil Consevation

 Schools

Owsley

$115,795,040

 3,489

$ 9.42

$1.41

$1.07

$0.40

$1.39

$0.53

$4.03

Lee

$285,101.077

 6,061

$ 9.82

$4.66

$0.42

$0.38

$0.80

$0.25

$2.51

Jackson

$335,119,577

 7,635

$10.80

$0.69

$0.46

$0.50

$1.35

$0.27

$5.20

Breathitt

$532,345,547

 8,941

$12.10

$0.92

$0.63

$0.80

$0.66

$0.18

$7.69

Clay

$558,238,039

12,294

$ 8.46

$0.71

$0.40

$0.60

$0.54

$0.10

$4.89

Perry

$1,797,361,388

16,853

$12.47

$0.92

$0.24

$0.31

$1.39

$0.07

$7.44

Wolfe

$234,201.957

 4,313

$ 7.70

$0.71

$0.79

$0.40

$0.74

$0.46

$3.43

Average Property Value Per County 2009 & Average Property Value Increase 2005-2009

County

Property Value 2009

Owsley County Property Value Is

Property Value 2005

Property Value 2009

A Increase Of

Owsley

 $33,188.00

$29,636.00

 $33,188.00

11.9%

Lee

 $45,418.00

27% Less

$42,693.00

 $45,418.00

  6.4%

Jackson

 $46,402.00

28.5% Less

$43,052.00

 $46,402.00

  7.8%

Breathitt

 $47,038.00

29.5% Less

$36,472.00

 $47,038.00

22.9%

Clay

 $59,783.00

44.5% Less

$42,955,00

 $59,783.00

39.1 %

Perry

$106,616.00

70% Less

$84,822.00

$106,616.00

25.7%

Wolfe

 $54,557.00

39% Less

$44,252.00

 $54,557.00

23,3%

Property Tax Assessments Average 2009

County

Residential Lots

Farm-Land & Other Improvements

Comm., Ind. & Leasehold Int

2005
Residential Lots

2005
Farm-Land & Other Improvements

2005
Comm., Ind. & Leasehold Int

Owsley

$19,679.67

$18,641.10

$123,604.25

$17,758.30

$17,172.63

$ 82,427.38

Lee

$20,476.20

$19,982.93

$162,947.61

$16,961.13

$17,700.90

$136,884.50

Clay

$21,437.28

$20,388.35

$146,457.73

$20,888.72

$19,661.28

$126,810.35

Wolfe

$23,103.13

$35,615.83

$151,572.04

$18,015.45

$30,349.16

$113,574.93

Breathitt

$26,951.12

$23,782.44

$184,069.90

$20,198.98

$20,084.32

$146,819.35

Jackson

$28,374.15

$24,049.46

$125,943.21

$24,387.62

$21,551.57

$ 99,758.37

Perry

$32,536.93

$20,625.39

$227,275.09

$28,493.68

$19,081.22

$218,530.83

Look at the below table. This is hard to believe. Over nine years the County's part of all Property Tax Revenue drooped from 17.300% to 14.100%. At the same time the County Library went from 8.500% to 13.900%. County Health 4.00% the same over the nine years. The County only gets 0.200% more then the Library to run the hole County. Someone sure was asleep at the wheel over the last eight years.

2001
GENERAL 17.300
LIBRARY 8.500
COUNTY HEALTH 4.00

2002
GENERAL 16.800
LIBRARY 8.800
COUNTY HEALTH 4.00

2003
GENERAL 16.900
LIBRARY 9.000
COUNTY HEALTH 4.000

2004
GENERAL 15.900
LIBRARY 9.00
COUNTY HEALTH 4.00

2005
GENERAL 15.500
LIBRARY 16.800
COUNTY HEALTH 4.00

2006
GENERAL 9.900
LIBRARY 10.00
COUNTY HEALTH 3.1000

2007
GENERAL 15.300
LIBRARY 12.800
COUNTY HEALTH 4.00

2008
GENERAL 14.900
LIBRARY 13.500
COUNTY HEALTH 4.00

2009
GENERAL 14.100
LIBRARY 13.900
COUNTY HEALTH 4.00

5 Year Increase & Average 2005-2009

Owsley 2005 to 2009 % Increase (Residential 10.81 %) 2.16 % A Year.
Owsley 2005 to 2009 % Increase (Farm-Land & Other Improvements 8.55%) 1.71% A Year.
Owsley 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 49.55%) 9.91 % A Year.

Lee 2005 to 2009 % Increase (Residential 20.72%) 4.14% A Year.
Lee 2005 to 2009 % Increase (Farm-Land & Other Improvements 12.89%) 2.75% A Year.
Lee 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 19%) 3.8% A Year.

Clay 2005 to 2009 % Increase (Residential 2.62%) 0.52% A Year.
Clay 2005 to 2009 % Increase (Farm-Land & Other Improvements 3.69%) 0.73% A Year.
Clay 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 15.49%) 3.098 % A Year.

Wolfe 2005 to 2009 % Increase (Residential 28.2%) 5.64% A Year.
Wolfe 2005 to 2009 % Increase (Farm-Land & Other Improvements 17.35%) 3.74% A Year.
Wolfe 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 33.45%) 6.69% A Year.

Breathitt 2005 to 2009 % Increase (Residential 33.42%) 6.68% A Year.
Breathitt 2005 to 2009 % Increase (Farm-Land & Other Improvements 18.41%) 3.68% A Year.
Breathitt 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 25.37%) 5.074% A Year.

Jackson 2005 to 2009 % Increase (Residential 16.34%) 3.26% A Year.
Jackson 2005 to 2009 % Increase (Farm-Land & Other Improvements 11.59%) 2.318% A Year.
Jackson 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 26%) 5.2% A Year.

Perry 2005 to 2009 % Increase (Residential 14.18%) 2.836% A Year.
Perry 2005 to 2009 % Increase (Farm-Land & Other Improvements 8%) 1.6% A Year,
Perry 2005 to 2009 % Increase (Comm., Ind. & Leasehold Int 4%) 0.8% A Year

The PVA office does not set property tax rates, nor do they collect property taxes. The Kentucky Constitution requires equality and uniformity through fair cash value assessments. Fair Cash Value is defined as the price that a piece of property will bring in a fair voluntary sale between a willing seller and a willing buyer.

 Section 172 of the Kentucky Constitution requires the PVA to assess all property at 100% Fair Cash Value (FCV) as of January 1 each year. The PVA does not set market value, instead we analyze the market to insure that assessments follow the market value determined by willing buyers and willing sellers.

Kentucky Department of Revenue, a part of the Finance and Administration Cabinet (FAC), is charged with direct supervision of the PVA office. Each year the FAC is required to perform studies in each county to determine if constitutional and statutory requirements have been met.