AN ACT proposing to amend Section 172B of the Constitution of Kentucky relating to property exempt from taxation.

Propose to amend Section 172B of the Constitution of Kentucky to expand the freeze on an assessment or reassessment moratorium to include the development of property and to remove the five-year expiration date for the moratorium; provide ballot language; submit to voters for ratification or rejection.

Introduced: February 19, 2025

Last action: February 27, 2025

To Elections, Const. Amendments & Intergovernmental Affairs (H)

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This bill proposes a change to Kentucky's Constitution that would expand an existing rule allowing a freeze on property tax assessments, extending it to cover property that is being developed and removing the current five-year limit on how long that freeze can last. Because it is a constitutional amendment, it would go on the ballot for Kentucky voters to approve or reject before taking effect. This could affect how much property owners pay in taxes…

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