AN ACT relating to revenue.

UNOFFICIAL COPY 26 RS BR 1053
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AN ACT relating to revenue. 1
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
Section 1. KRS 131.140 is amended to read as follows: 3
(1) The department shall requisition the Finance and Administration Cabinet to furnish 4
to local officials an adequate supply of forms for listing property for taxation and 5
other forms and blanks the state is r equired by law to provide. The books and 6
records prescribed for use by property valuation administrators, county clerks, 7
sheriffs and other county tax collectors shall be designed to promote economical 8
operation, adequate control, availability of useful information, and safekeeping. 9
(2) The department may confer with, advise and direct local officials respecting their 10
duties relating to taxation, and shall supervise the officials in the performance of 11
those duties. The department shall provide to the proper ty valuation administrators 12
up-to-date appraisal manuals outlining uniform procedures for appraising all types 13
of real and personal property assessed by them. The property valuation 14
administrators shall follow the uniform procedures for appraising property outlined 15
in these manuals. The department shall maintain and make accessible to all property 16
valuation administrators a statewide commercial real property comparative sales 17
file. The department, by authorized agents, may visit local governmental units and 18
officers for investigational purposes, when necessary. 19
(3) The department [of Revenue ] shall conduct a biennial performance audit of each 20
property valuation administrator's office. This audit shall include, but shall not be 21
limited to, an inspection of ma ps and records, an appraisal study of real property, 22
and an evaluation of the overall effectiveness of the office. Each property valuation 23
administrator's office shall provide the department with access to its files, maps and 24
records during the audit. The department shall prepare a report on assessment 25
equity and quality for each county based on the performance audit, and shall 26
provide a copy to the Legislative Research Commission. 27
UNOFFICIAL COPY 26 RS BR 1053
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(4) The department shall arrange for an annual conference of the property va luation 1
administrators, or the county officers whose duty it is to assess property for 2
taxation, to give them systematic instruction in the fair and just valuation and 3
assessment of property, and their duty in connection therewith. The conference 4
shall continue not more than five (5) days. The officers shall attend and take part in 5
the conference, unless prevented by illness or other reason satisfactory to the 6
commissioner. Any officer willfully failing to attend the conference may be 7
removed from office by the Circuit Court of the county where he was elected. If the 8
officer participates in all sessions of the conference, one -half (1/2) of his actual and 9
necessary expenses in attending the conference shall be paid by the state, and the 10
other half shall be pa id by the county from which he attends. Each officer shall 11
prepare an itemized statement showing his actual and necessary expenses, and if it 12
is found regular and supported by proper receipts it shall be approved by the 13
department before payment. 14