Your Property Valuation Administrator’s office DOES NOT determine how much tax you pay. We only assess the ?fair market value? of the property to be taxed. There are two components that determine your property bill. ASSESSED VALUE and TAX RATE. The TAX RATE is determined by elected officials such as County Governments, City Governments, School Boards, and taxing districts such as the library board and health board.

The P.V.A. 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.