District 7 eNews | Special Edition | Appeal Your PVA Reassessment -- Deadline May, 18!

Louisville Metro Government sent this bulletin at 05/08/2015 11:20 PM EDT

Councilwoman Angela Leet

502.574.1107
angela.leet@louisvilleky.gov

601 W. Jefferson Street Louisville, KY 40202

Legislative Assistant
Erin Hinson
erin.hinson@louisvilleky.gov

To send me a a message regarding an item in this enewsletter, or any other matter, please email me directly at
angela.leet@louisvilleky.gov.

Watch the PVA Hearing!

I have heard from many constituents who are concerned about the dramatic increase in their property's valuation from the Property Valuation Administrator (PVA). As a result of these calls I requested that the PVA come before the Government Accountability and Ethics committee.

PVA officials told us at the May 6 meeting that the characteristics of each residential property are very important in the reassessment process. Also, they have readily admitted that erroneous or missing information may cause inaccurate assessments. Therefore, they rely on an appeal process to get the assessment for Jefferson County’s 260,000 residential properties as accurately as possible.

Click here to watch the PVA testify before the Metro Council Government Accountability and Ethics committee from May 6, 2015.

File an Appeal!

All property owners have the right to appeal the current assessment each year. By law, certain steps must be followed in the appeal process. Appeals may be completed through an online process or in person at the PVA office which is located at 531 Court Place, Suite #504.

Under state law (KRS 133.120) property owners who wish to appeal their assessment must first hold a conference with the PVA Office during the annual Open Inspection Period (OIP). Each year the OIP begins on the first Monday in May and continues for a thirteen day period including two Saturdays. For more information click here. The deadline for filing an appeal with the PVA is Monday, May 18, 2015 at 4:00 p.m. EDT.

Following our May 6 committee meeting, the PVA announced that they will have personnel on-site at the Crescent Hill Library (2762 Frankfort Avenue) and the Highlands Midcity Mall Library (1250 Bardstown Road), on every weekday, starting Monday, May 11 through Monday, May 18, to assist with the appeal process. The schedule is below:

Crescent Hill

Monday, May 11, 10 a.m. to 2 p.m. and 3 to 5 p.m.
Tuesday, May 12, 10 a.m. to 2 p.m.
Wednesday, May 13, 10 a.m. to 2 p.m. and 3 to 5 p.m.
Thursday, May 14, 10 a.m. to 2 p.m.
Friday, May 15, 10 a.m. to 2 p.m. and 3 to 5 p.m.
Monday, May 18, 10 a.m. to 4 p.m.

Highlands

Monday, May 11, 10 a.m. to 2 p.m.
Tuesday, May 12, 10 a.m. to 2 p.m. and 3 to 5 p.m.
Wednesday, May 13, 10 a.m. to 2 p.m.
Thursday, May 14, 10 a.m. to 2 p.m. and 3 to 5 p.m.
Friday, May 15, 10 a.m. to 2 p.m.
Monday, May 18, 10 a.m. to 4 p.m.

You must submit documentation that supports your opinion of value. Examples include:

Documentation of recent comparable sales (not assessments) that are similar to your property in size, condition, location and characteristics. Sales should be within the period from July 1, 2013 to January 1, 2015. To assist you, a Property Comparison Worksheet is included with the Appeal Form for residential properties.
For rental or commercial properties, you should also submit your lease contract or your income and expense statements for the last three years. To assist you, an Income and Expense Worksheet is included with the Appeal Form.
A recent full appraisal of your property
Interior/exterior photos showing condition of property
Your homeowner’s insurance policy
Your listing contract if your property is currently for sale
Estimates of any repairs
Original construction costs or cost of additions or improvements to your property

While conferences with the PVA are usually informal, you may choose to have someone represent you. Anyone who is hired to represent you must submit a letter of authorization and must be an attorney, certified public accountant, certified real estate appraiser, Kentucky licensed real estate broker, an employee of the property owner, or someone who holds a professional appraisal designation recognized by the Kentucky Department of Revenue.

The PVA has also answered many frequently asked questions which are available online. You can find those here. The PVA’s telephone number is (502) 574-6224.

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Visit http://www.louisvilleky.gov
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