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67A.780 Assessment ratio -- Special assessment.

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67A.780 Assessment ratio -- Special assessment. The sum necessary to be raised annually for the sinking fund shall be assessed against the <br>property benefited in the proportion that the assessed value of each lot or parcel for <br>urban-county government taxation shall bear to the whole assessed value of the benefited <br>properties, as shown by the records upon which urban-county government taxation is <br>based at the time of the adoption of the Third Ordinance. Where there is no such record, <br>as in the case of public property, or property owned by religious, charitable, or <br>educational institutions, the same (except that owned by the United States government) <br>shall be specially assessed by the proper assessing officers, and for such special <br>assessment reasonable compensation may be made. Any such special assessment shall be <br>subject to all procedures for equalization and judicial review as may be provided by law <br>in connection with ordinary assessments. Effective: June 21, 1974 <br>History: Created 1974 Ky. Acts ch. 394, sec. 15, effective June 21, 1974.