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101 E Main St,
Georgetown, KY 40324
101 E Main St, Georgetown, KY 40324
(502) 863-7850
(502) 863-7850
CALL US NOW
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Georgetown, KY 40324
(502) 863-7850
Facebook
Youtube
Contact Us
101 E Main St,
Georgetown, KY 40324
(502) 863-7850
CALL US NOW
Facebook
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Search
Home
Transparency
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O RDIN AN CE NO . 05-0 4 A N ORDIN AN CE RELA T E D TO TH E ESTA BLIS H M EN T OF A MORAT O RIU M ON R EASSESSM EN T OF PR O PER TY VA LU ES OF QUALIF IE D REH ABIL IT A T IO N PR O PER TIE S I N HIS TO RIC GEO RG ETO W N MAIN STR EET DIS TR IC T AR EA W HER EAS, Kentu cky Revis e d Sta tu es Chap te r 99.6 00 et.s e q., pe rm it s a mora to riu m on r e asse ssm ent of pro perty ad va lo re m ta x purp ose s whic h are in re sto ra tio n and re h abilit a tio n p ro je cts ; and W HER EAS, th e Sco tt County Fis ca l Court desir e s to enco u ra g e pro perty ow ne rs in th ese d ow nto w n are as to re habilit a te and re sto re th eir pro pe rty in ord er to re vit a li z e and sta bili z e t h ese im porta nt are as of dow nto w n Georg e to w n; N O W , TH ER EFO RE, BE IT ORDAIN ED BY TH E FIS C AL CO URT OF SC O TT CO UNTY, K EN TU CKY, TH AT: S ectio n One: A pro gra m is esta blis h ed in whic h th ese pro pertie s in th e His to ric Main Str e et d is tr ic t may qualif y fo r a fiv e -y e ar mora to riu m on re asse ssm ent of pro perty va lu e fo r th e purp ose o f ad va lo re m ta xe s. S ectio n Tw o: Pro pertie s whic h qualif y fo r th is pro gra m are th ose in th e ta rg et are as whic h , if c o m merc ia l, are at le ast tw enty -fiv e ye a rs old and ha ve im pro ve m en ts made to th em whic h e qual at le ast tw enty -fiv e perc e nt (2 5% ) of th e va lu e of th e pro perty as sh o w n on th e most r e ce nt asse ssm ent by th e Pro perty Valu atio n Off ic e , an d, if re sid e ntia l, are at le a st tw enty fiv e y e ars old , pro vid e
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