Kentucky HB614 amends revenue-related procedures for property valuation administrators.
Kentucky HB614 revises the duties of property valuation administrators, including the requirement for an annual conference on property valuation and assessment. The bill mandates the Department of Revenue to conduct biennial performance audits of each administrator's office, focusing on inspection, appraisal, and effectiveness. It also outlines procedures for the use of appraisal manuals, the maintenance of a statewide commercial real property comparative sales file, and the supervision of local officials in taxation duties.
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