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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Because today's largest county by area, Pike County, is 788 square miles (2,041 km 2), it is only still possible to form a new county from portions of more than one existing county; McCreary County was formed in this manner, from parts of Wayne, Pulaski and Whitley counties. Kentucky was originally a single county in Virginia, created in 1776.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Kenton County is a county located in the northern part of the Commonwealth of Kentucky. As of the 2020 census , the population was 169,064, [ 1 ] making it the third most populous county in Kentucky (behind Jefferson County and Fayette County ).
The largest employers in Knox County are Health Care & Social Assistance (1,406 people), Retail Trade (1,331 people), and Educational Services (1,226 people). But the highest-paying jobs are with mining, quarrying, and oil and gas extraction. Real estate sales, and rental and leasing also pay well, followed by finance and insurance. [11]
Since the heroin epidemic first hit, the 110 beds at the publicly-funded Grateful Life Center have become some of the most coveted real estate in Northern Kentucky. The facility for men, part of the Recovery Kentucky network, is located in Erlanger, just down the road from the Kenton County jail.
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