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146.500 Tax assessments.

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146.500 Tax assessments. Where an interest in real property less than fee simple is dedicated for the purposes of <br>KRS 146.410 to 146.530, assessments made on the property for taxation shall reflect any <br>change in the market value of the property which may result from the interest so <br>dedicated. The value of the interest so dedicated shall be exempt from property taxation. History: Created 1976 Ky. Acts ch. 118, sec. 19.