Duties of the PVA

The Larue County Property Valuation Administrator (PVA) is a locally elected state official who is responsible with equitably assessing real property and personal property in Larue County. Tracking ownership changes, maintaining maps, updating building characteristics, and administrating property exemptions are also duties of the PVA. The PVA also provides a variety of information management services as custodian of the parcel ownership database, most of which is public information. The Kentucky Constitution requires equality and uniformity through fair market value assessments. Fair Market Value is generally defined as the price that property will bring in a fair voluntary sale between a willing seller and a willing buyer on the market for a given period of time. The assessment date for the valuation of most property is January 1st. Your PVA office does not set property tax rates nor do we collect property taxes. The PVA office only determines the property assessment at “fair market value” as of the assessment date. We welcome input of property owners in this assessment process. There are two components that determine your property tax bill: assessed value and tax rate. Taxing authorities such as the city, county and state governments, as well as school boards, determine the tax rates. The Larue County Sheriff’s Office is responsible for most tax bill collections. All property, unless specifically exempt by the Kentucky Constitution, is taxable. The Constitution prohibits exemption of any property of persons unless allowed by the Constitution. Currently, examples of such exemptions include the Homestead Exemption for property owners age 65 and older and for individuals who are 100% disabled receiving disability payments, and certain religious, nonprofit public charities, educational and government properties. Formal applications must be submitted with the PVA office before any exemptions can be granted in most cases. PVA responsibilities also include listing assessments of tangible personal property as of January 1st of each year. Tangible returns must be filed annually by May 15th with the PVA office. The Kentucky Department of Revenue provides standardized values for most automobiles, recreational vehicles, and watercrafts for property assessment purposes. The PVA Office may make value adjustments due to high mileage or damage to vehicle.

Tangible Personal Property

Business owners of any kind, large or small, are required to list the value of one's personal property with the Property Valuation Administrator by May 15th. Personal Property consists of items such as office furniture and equipment, business and professional trade fixtures, leasehold, machinery, manufacturing and non manufacturing equipment; free standing signs; raw materials; inventories of all kinds; aircraft and other personal items that may have value of utility.

If you have any Tangible Property question, please contact the PVA office (270) 358 4202