Q: When are property taxes due in Fayette County for FY 2025?
A: Property tax due dates vary and are set annually. Contact the Finance Department or check the payment portal at lexingtonky.gov/departments/finance for current year due dates and installment options.
Q: What tax credits are available and how do I apply?
A: Various tax credits may be available including homestead credits, disability credits, and veteran credits. All credits require separate application through the PVA office and are not automatically applied. Contact fayettepva.com for current applications and deadlines.
Q: How does the homestead credit work?
A: The homestead credit typically limits annual assessment increases rather than reducing your property's market value. You must file an application with the PVA office, and the credit must be renewed according to program requirements.
Q: How often are properties reassessed?
A: Kentucky law requires annual property assessments, but the PVA may conduct more frequent reassessments for properties that have changed significantly. Physical inspections and market analysis occur on rotating schedules.
Q: What happens if I pay my taxes late?
A: Late payments incur penalties and interest charges. The exact penalty structure and interest rates are set annually and can be found through the Finance Department.
Q: Can I pay my property taxes online?
A: Yes, online payment options are available through the official portal at lexingtonky.gov/departments/finance. Various payment methods may be accepted with different processing fees.
Q: How do I appeal my property assessment?
A: Assessment appeals must be filed with the PVA office within specific deadlines after receiving your assessment notice. Visit fayettepva.com for appeal forms and procedures.
Q: Do special taxing districts affect my tax rate?
A: Yes, your location within Fayette County determines which special districts apply to your property, such as fire protection, library, or other municipal service districts, each with separate levy rates.
Q: What if I disagree with supplemental tax assessments?
A: Supplemental assessments can be appealed using the same process as regular assessments. Contact the PVA office immediately if you believe a supplemental assessment is incorrect.
