No Increase in State Property Tax Rate for 2011

FRANKFORT, KY – July 6, 2011 – (RealEstateRama) — The Kentucky Department of Revenue has set the 2011 State Real Property Tax Rate at 12.2 cents per $100 of assessed value – the same rate as last year. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.