The tax roll inspection period is scheduled to begin on the first Monday in May and runs Monday through Saturday for two weeks and concludes on the third Monday in May. This time period is known as the tax roll inspection period. The notice will also inform the property owner of the timeframe an appeal can be filed. When a PVA increases a property’s assessment, a notice is required to be sent to the property owner informing them of the new assessment. They are also required to add all newly constructed property to the tax roll each year. PVAs are required to physically inspect all parcels in the county no less than once every four years. Farm land is allowed to be assessed at its agricultural value rather than its fair cash value. This value is estimated by what the property would bring at a fair voluntary sale. PVAs are required by Kentucky’s Constitution to assess all real property at its estimated fair cash value. In Kentucky, all real property is assessed by a locally elected official known as a property valuation administrator (PVA). Process for Assessing Real Property in Kentucky
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