Kentucky HB233 proposes to amend the state constitution to allow a freeze on property assessments for up to five years to encourage development and.
Kentucky HB233 proposes to amend Section 172B of the Constitution of Kentucky to allow the General Assembly to establish assessment or reassessment moratoriums for real property. This moratorium would be intended to encourage development, repair, rehabilitation, or restoration of real property. The moratorium would be limited to a maximum of five years for any particular unit of property. The amendment would need to be ratified by voters.
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