Real Estate Appeals Process
What is your property Really Worth?
It is the estimated value that a willing buyer would pay and a willing seller would accept; in other words, fair market
How can I estimate the fair market value of my property?
Check the newspaper for real estate transfers of similar properties.
Check your homeowner's insurance policy for replacement cost.
Get a current appraisal
The PVA does not create value!
When market value changes, so does assessed value. The PVA office does not create value. People determine the
value by their transactions in the market place. The PVA office simply has the legal responsibility to study those
transactions and assess your property fairly. Nor does the PVA determine how much tax you pay. We determine the
fair market value of property and the elected officials such as County Fiscal Court, City Government and School
Boards set the tax rates.
Kentucky Constitution and KRS 132.40
The constitution and statute, which is enforced by the Kentucky Revenue Cabinet, requires that all properties be
assessed at fair market value. All properties must be re-assessed each year and must be physically examined at least
once every four years.
If you feel your assessment is not accurate, you should do the following.
Set up a conference with the PVA or Deputy to discuss the matter during the annual inspection period, beginning the
first Monday in May and running thirteen consecutive days. Bring evidence to support your claim such as an appraisal,
comparable sales information, and a copy of your insurance policy, cost of construction or proof of structural damage.
If you and the PVA or Deputy cannot come to a mutual agreement on your assessment, you may file an appeal with
the County Clerk and present your evidence to the Local Board of Appeals. Appeals must be filed by the end of
Tuesday following the close of inspection period.
Daviess County PVA