State property tax set at 12.2 cents

The Kentucky Department of Revenue has set the 2011 State Real Property Tax Rate at 12.2 cents per $100 of assessed value.
Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.
This rate is based on the revenue generated from the increase in taxable real property assessments from 2010 to 2011.

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