Statutes > Kentucky Statutes > CHAPTER 160 SCHOOL DISTRICTS > 160.473 Limits for district board of education on personal property tax rates -- Public hearing and recall not applicable.

160.473 Limits for district board of education on personal property tax rates -- Public hearing and recall not applicable.

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160.473 Limits for district board of education on personal property tax rates -- Public hearing and recall not applicable. (1) In the event that a general tax rate applicable to real property levied by a district board of education will produce a percentage increase in revenue from personal <br>property less than the percentage increase in revenue from real property, the district <br>board of education may levy a general tax rate applicable to personal property <br>which will produce the same percentage increase in revenue from personal property <br>as the percentage increase in revenue from real property; however, in no event shall <br>the general tax rate levied by the district board of education applicable to personal <br>property exceed the prior year general tax rate applicable to personal property levied <br>by the respective district board of education. (2) The general tax rate applicable to personal property levied by a district board of education under the provisions of subsection (1) of this section shall not be subject <br>to the public hearing provisions of KRS 160.470(7) and to the recall provisions of <br>KRS 160.470(8). Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 389, sec. 11, effective July 14, 2000. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. III, sec. 109, effective July 13, 1990. -- <br>Created 1982 Ky. Acts ch. 397, sec. 7, effective July 15, 1982.