According to Kentucky’s Constitution, property owners who are 65 or older are eligible to receive a homestead exemption. If you are eligible, the amount of the exemption is subtracted from your property’s assessed value – so you will pay less property tax.
According to Kentucky statutes, the exemption amount is reviewed every two years to reflect the increase in the cost of living index used by the United States Department of Labor. For the 2017 tax year, the exemption amount is $36,900.
Only one exemption is allowed per household. When an application is approved, it is valid for subsequent years as long as the original applicant owns and lives on the property. If the property is sold, the seller should contact the PVA office to advise of the address change. The exemption will be taken off the old property, and they will then be able to re-apply for their new address.
A person or persons owning, living in and maintaining a residential unit must meet the 65 years of age requirement. If only one spouse is 65, the age requirement is met. If more than one person in the household qualifies you only receive 1 exemption.
Verification of Age and Date of birth of the applicant(s) must be established by a substantiating document, such as:
A. Primary Sources of Proof of Age:
B. Secondary Sources of Proof of Age:
Verification of residence of the applicant(s) must be established by a substantiating document, such as:
To apply, complete the application, then fax, mail or email the form along with proof of age/residence to the Lee County PVA Office at the following address:
Lee County PVA
256 Main Street
Courthouse Room #10
PO Box 1008
Beattyville, KY 41311
Email - LeeCoPVA@mikrotec.com
Fax - 606-464-4102
This application must be submitted during the year in which exemption is sought to the property valuation administrator of the county in which the residential unit is located.
Under the provisions of KRS 132,990(1), "Any person who willfully fails to supply the property valuation administrator or the revenue cabinet with a complete list of his property and such facts with regard thereto as may be required or who violates any of the provisions of KRS 132.570 shall be fined not more that five hundred dollars ($500)."