Where an interest in real property less than fee simple is dedicated for the purposes of KRS 146.410 to 146.530, assessments made on the property for taxation shall reflect any change in the market value of the property which may result from the interest so dedicated. The value of the interest so dedicated shall be exempt from property taxation.
KRS 146.500
Tax assessments
History: Created 1976 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.