SB180
Log in to followAN ACT relating to property valuation.
Amend KRS 132.010, relating to state and local property taxation, to amend the definitions of "agricultural land" and "horticultural land" to include a parcel in agricultural or horticultural land that has been converted to a residential use as part of a planned development containing 10 or more parcels until a certificate of occupancy is issued for the parcel; state that agricultural value is calculated based on the agricultural value prior to the conversion to residential…
Introduced: February 11, 2026
Last action: February 23, 2026
Plain-language summary
This bill would change how certain land is valued for property tax purposes during a housing development. Specifically, parcels that were previously used for farming or horticulture and are being converted into homes within a development of 10 or more lots would continue to be taxed at their agricultural value until a certificate of occupancy is issued for each parcel. It also sets out the steps and timeline for how that transition from agricultural to…
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