Laws & Taxes

Laws & Taxes

State Property Tax Rate Unchanged for 2015

The Kentucky Department of Revenue has set the 2015 State Real Property Tax Rate at 12.2 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.

Whitfield Votes to Support America’s Entrepreneurs and Rein in Obama’s Wasteful Climate Change and...

U.S. Rep. Ed Whitfield (KY-01) voted last night in support of H.R. 880, the American Research and Competitiveness Act, and H.R. 1806, the America COMPETES Reauthorization Act. Both measures passed the House of Representatives by a vote of 274 to 145 and 217 to 205, respectively. Whitfield released the following statement upon passage

Get on board for an historic tour in Shelbyville to celebrate Fair Housing Month...

State housing advocate organizations will honor the U.S. and Kentucky Fair Housing Month of April with a guided bus tour through the Kentucky town of Shelbyville. The tour will provide participants the opportunity to review the history of the community and the effects of segregation

PATH Act to End Taxpayer Bailout and Create Sustainable Housing Finance System Passes Committee

WASHINGTON, D.C. - July 25, 2013 - (RealEstateRama) -- Congressman Andy Barr released the following regarding yesterday’s passage by the Financial Services Committee of H.R. 2767, The Protecting American Taxpayers and Homeowners Act (PATH Act), legislation to end taxpayer-funded bailouts of Fannie Mae and Freddie Mac and create a sustainable housing finance system for America.

State Property Tax Rate Remains Unchanged for 2013

FRANKFORT, KY - July 3, 2013 - (RealEstateRama) -- The Kentucky Department of Revenue has set the 2013 State Real Property Tax Rate at 12.2 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.

No Increase in State Property Tax Rate for 2011

FRANKFORT, KY - July 6, 2011 - (RealEstateRama) -- The Kentucky Department of Revenue has set the 2011 State Real Property Tax Rate at 12.2 cents per $100 of assessed value – the same rate as last year. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.

The Federal tax credits for home buyers have been extended and expanded

November 18, 2009 - (RealEstateRama) -- Recently President Obama signed into law the American Recovery and Reinvestment Act of 2009 which: - Provides a tax credit equal to 10 percent of the sales price of the home, up to a maximum credit of $8,000.

Congressman Yarmuth Announces New Federal Assistance Available for Potential Homebuyers

Louisville, KY - November 16, 2009 - (RealEstateRama) -- Congressman John Yarmuth (KY-3) was joined by Louisville Realtors, representatives from the Home Builders Association of Louisville, and local homeowners and recent homebuyers to announce that more Louisvillians than ever are eligible for a homebuyer’s tax credit.

Chandler Supports Extension of Homebuyer Tax Credit

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Congressman Chandler voted in favor of extending and expanding the first-time homebuyer tax credit for an additional year, creating a new tax credit for current homeowners, and providing an additional extension for military families to purchase homes

Whitfield Works to Make Homeownership a Reality for Service Members

WASHINGTON, DC - October 8, 2009 - (RealEstateRama) -- U.S. Representative Ed Whitfield (KY-01) supported legislation today which will help members of the U.S. military purchase a home and ensure soldiers deployed abroad are not unfairly penalized under the law.

New Home Tax Credit Could Save Kentuckians Thousands

ERLANGER, KY - July 8, 2009 - (RealEstateRama) —A new tax credit goes into effect this month that could give some Kentuckians thousands of dollars back on the purchase of a new home. The New Home Tax Credit is an individual income tax credit and applies to a “qualified buyer” who purchases a home on or after July 26, 2009 and before July 26, 2010.

State Property Tax Rate Set at 12.2 Cents for 2009

FRANKFORT, KY - June 29, 2009 - (RealEstateRama) — The Kentucky Department of Revenue has set the 2009 State Real Property Tax Rate at 12.2 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.

The Federal $8,000 tax credit for first time Home Buyers

February 25, 2009 - (RealEstateRama) — Recently President Obama signed into law the American Recovery and Reinvestment Act of 2009 which:

REALTORS Push for Modernization of Occupational Tax Collection

Lexington, KY. 02/27/2008 – Kentucky REALTORS® were in Frankfort last week to support issues that have an impact on the real estate industry. The group...

Covington approves tax increase

The Covington City Commission decided Tuesday it was better to approve a property tax increase than cut services. Proponents of the hike, which passed 4-1,...

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The Boulder Group Arranges Sale of Single Tenant Net Leased Sherwin-Williams

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