JEFFERSON COUNTY, Ky. — The median value on property sales has gone up 147% over the last 12 years, according to Jefferson County Property Valuation Administrator Colleen Younger.
She recently joined former Louisville mayoral candidate David Nicholson and several lawmakers to talk about the issue.
What You Need To Know
- The median value on property sales has gone up 147% over the last 12 years, according to the Jefferson County property valuation administrator
- Jefferson County leaders are proposing property tax relief for homeowners 65 and older or who are 100% disabled
- Rep. Jeffery Donohue said he is working on legislation related to the issue
- Gov. Andy Beshear issued an executive order on vehicle taxes earlier this year
They’re proposing freezing property values once a homeowner qualifies for exemptions for those 65 and older or 100% disabled, known as the Homestead and Disability exemptions, respectively.
Rep. Jeffery Donohue (D, Fairdale) said he’s working on legislation to do just that.
“The concern I’ve had from homeowners is that they’re fearful of losing their homes because basically, when you retire and your salary is set, there’s no increase,” he said. “I did file something where we can talk about that and my hope is that with the leadership in Frankfort, that we’ll be able to bring this piece of legislation forward to help the senior citizens.”
Earlier this year, Gov. Andy Beshear issued an executive order to stop rising vehicle taxes caused by climbing used car values.
Under the order, car owners would pay an amount similar to last year under certain conditions.
He told Spectrum News 1 Wednesday that he knows inflation is hurting Kentuckians.
“We’ll look at anything that is sent towards us, but we’ve always got to look at what’s legal, what’s constitutional, and that gets harder sometimes when you look at just one group or another,” he said.
Donohue said he hopes lawmakers will take up the issue when they meet during the interim session this summer.