Whenever any unincorporated territory is annexed by a city, the annexing city shall be liable for any indebtedness that is attached to or exists against the territory by reason of the same being then or previously a part of any taxing district, and the annexing city shall assume the liability, so that after annexation the burden of taxation shall be uniform throughout the city.
KRS 81A.450
Responsibility for liabilities of annexed area -- Uniform taxation
Effective: July 13, 1984 History: Amended 1984 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.